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Colorado Mechanics Lien Frequently Asked QuestionsColorado Lien Documents are Easy to File with LienItNow.com  What is a Colorado mechanics' lien Claim?In Colorado, liens filed on private
property or on funds
relating to a public
project are known as
Mechanic's Liens. When a
Colorado mechanics lien is filed with
regard to work performed
on privately owned
property, it attaches to
and encumbers the fee
simple ownership of
property. Colorado
mechanics liens filed
with regard to public
projects attach to the
funds held by the public
owner. Who can file a Colorado mechanics' lien Claim?Contractors, as well as
subcontractors, design
professionals,
sub-subcontractors and
material suppliers can
file a Colorado
mechanics lien. If a
company supplies
material to a material
supplier, they are not
eligible to file a
Colorado mechanics lien
claim. Are pre-notices for a Colorado mechanics' lien Claim required?Yes. At least 10 days
prior to filing a
Colorado mechanics lien
statement, the claimant
must provide a notice of
intent to the owner and
the prime contractor. Can you file a Colorado mechanics' lien Claim without a pre-notice?Pre-notices are required
to be served prior to
filing a mechanics' lien claim. When should a Colorado mechanics' lien Claim be filed?The filing of a Colorado lien
statement must be
completed within
four months
after the day on which
the lien claimant last
performed labor or
furnished materials. How much does it cost to file a Colorado mechanics' lien Claim?LienItNow.com prepares, files and
serves Colorado
mechanics' liens (which
includes a written
notice of intent to
claim a lien, if
necessary, as well as a
verified statement of
lien) for a fee of
$250.00. Pre-notices
are not included in the
$250.00 price, but can
be filed for a fee of
$50.00. Do I need a written contract in order to file a Colorado Mechanics Lien Claim?No. Oral contracts are
sufficient if you have
sufficient documentation
to show the existence of
an agreement or that you
performed the work for
which you are filing a
Colorado mechanics lien. How does filing a Colorado mechanics' lien Claim help me get my money?On a private project,
the Colorado mechanics' lien places an encumbrance on
the property that makes
it difficult to resell
or re-finance the
property without first
removing the mechanics lien. What is a Colorado Stop Notice and why should it be filed?
LienItNow.com prepares and serves
Colorado Stop Notices for
a fee of $100.00.
A Stop Notice is a
notification that has
the ability to enhance
the effectiveness of a
mechanic's lien. A Stop
Notice, or a notice to
withhold funds, is sent
to the company that is
financing or funding the
construction funds for a
project. Once that
company receives the
Stop Notice, that
company has notice that
it should withhold
sufficient money to
satisfy the stop notice
claim. The purpose of
the Stop Notice is to
provide the lender,
financiers or funders of
the construction project
notice that there is
money owed to a
contractor,
subcontractor or
supplier so that an
inquiry can be made as
to why that money is not
being paid. What is a Colorado Amendment to a mechanics' lien Claim?LienItNow.com prepares, files and
serves Colorado
Amendments to mechanics' lien Claims for a fee of
$225.00. Amendments to a
mechanics' lien claim
are often needed when
something about the
lien claim changes. Common
changes to a lien claim
are increases or
reductions in the amount
due to the lienor, or a
change to the last date
of work. When should a Colorado Discharge of mechanics' lien claim be filed?LienItNow.com prepares, files and
serves Colorado
Discharges of mechanics' lien Claims for a fee of
$75.00. Once the lienor
has been paid the amount
contained in its lien
claim, or has come to an
agreement that requires
the lien claim to be
removed from the
property records, a
Discharge of mechanics' lien Claim should be
filed. How much does it cost to file a Colorado Extension of a mechanics' lien Claim?LienItNow.com prepares, files and
serves extensions of
mechanics' lien Claims
for a fee of $75.00.
All lien claims expire
after a certain period
of time, and filing an
extension of the
mechanics' lien claim
prolongs the expiration
date. Colorado law,
however, does not permit
an extension of
mechanics' lien claims. Can I file a Bond Claim on a Colorado Project?LienItNow.com prepares, files and
serves Colorado Bond Claims for a fee of $250.00. Bond
claims can only be filed
on a project where the
owner, contractor or
subcontractor has
obtained a payment bond
to ensure that every
contractor receives
payment for the work
performed on the
Project. The payment
bonds issued by sureties
for construction
projects have specific
timing requirements, but
most require claimants
to submit claims against
the bond within sixty to
ninety days from the
claimants' last date of
work. Bond claims are as or
more effective than a
lien claim because the
payment bond acts as a
guarantee that payment
will be made for work
properly completed. Do I need to file a Pre-Notice to make a claim against a Colorado payment bond?LienItNow.com prepares, files and
serves Colorado
Pre-Notices for bond
claims for a fee of
$50.00. Depending on
the terms of the payment
bond, pre-notices may or
may not be required.
LienItNow.com recommends that, prior
to or immediately after
starting work or
delivering materials to
a project,
subcontractors and
suppliers, file a
pre-notice that it is a
potential beneficiary of
the construction
project's bond. |
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