The Illinois Mechanics Act
All participants in private construction projects should have at a basic understanding of the mechanics lien process. Contractor’s Lien Advisors – We are experts on Chicago Mechanics Lien.
The Illinois Mechanics Lien Act is beneficial to contractors and those that supply materials for private construction or improvement projects. This mechanics lien act allows the contractor or supplier of materials to have a mechanics lien placed on the property that was worked on and eventually have the balance due under the lien claim ultimately paid by eventually selling the property. The Illinois Mechanics Lien Act holds the property owner to deal with a balance due to a material supplier or contractor even when said owner did not contract directly with either of these parties.
When Mechanics Lien can be used
Under the Illinois Mechanic Lien Act it is very clearly specified when liens can be used, and, because a lien carries much legal power, the lien must have exact compliance with the requirements of the Act. A general contractor must record its claim for lien in the county of the property’s location within four months of the last day of provision of materials or labor the property. Also, the general contractor must file suit within two years of the last day of supply or labor provision for the property. The contractor has four months to record its claim and if they fail to do so, it may have the lien claim enforced against the property owner. But in this event the claim is not held with priority over the claims of other parties with interest in the property, such as lenders.
The Mechanics Lien Act places more burden on parties such as subcontractors and materials suppliers to work on their lien claim because these parties are not directly in contract with the property owner. For these parties, there is the obligation to serve the owner as well as the owner’s lender with a 60-day notice of intent to lien the property if the property is occupied by a single family owner. All other types of property carry a 90-day notice requirement.
All participants in private construction projects should have at a basic understanding of the mechanics lien process. We are experts on Chicago Mechanics Lien. File Chicago Mechanics Lien with out preparation and recordation. Contractors Lien Advisors provides all services for mechanics lien including property search, preliminary notices, title search, mechanics lien release, mechanics lien waivers (both partial and full), notary public, and translations.
Contractor’s Lien Advisors. We service 50 states and will be glad to answer all questions. Contractors that need to file a lien and receive due payment should consult our expertise on Chicago Mechanics Lien. If you are living in Chciago area, file Mechanics Lien with our assistance and services.