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FORM 2STATEMENT OF LIEN UPON
INTEREST IN CROWN MINERALS
(Sections 34 and 36 of the Builders Lien Act)
This statement of lien applies in respect of the following (check the appropriate box):
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How to fill out statement of lien upon
How to Fill Out Statement of Lien Upon:
01
Begin by gathering all the necessary information related to the lien. This includes the full name and contact information of the lienholder, as well as the name and contact information of the debtor.
02
Identify the property or assets that are subject to the lien. Clearly list the details such as the address, description, and any identifying numbers or codes.
03
Provide a detailed description of the debt or obligation that the lien is securing. Include information such as the amount owed, the date the debt was incurred, and any relevant terms or conditions.
04
Indicate the date on which the lien was placed upon the property. This is typically the date the debt was incurred or the date the lien agreement was signed.
05
Include any additional relevant details or provisions, such as interest rates or late payment penalties, that are part of the lien agreement.
06
Sign and date the statement of lien upon and make sure to include any required witness signatures, if applicable.
07
Keep a copy of the completed statement of lien upon for your records and provide a copy to the debtor as well.
Who Needs Statement of Lien Upon?
01
Financial Institutions: Banks, credit unions, and other financial institutions often use statement of lien upon to secure loans or debts. They need this document to legally establish their claim on the borrower's property or assets in case of default.
02
Construction Companies: Contractors or construction companies may use a statement of lien upon to secure their right to be paid for work done on a property. This protects their interests and provides a legal avenue to recover unpaid debts.
03
Service Providers: In certain industries, service providers may use a statement of lien upon to protect their interests and ensure payment for services rendered. This can include professionals such as mechanics, plumbers, or electricians.
Overall, the statement of lien upon is a crucial legal document that allows a party to establish and protect their rights to a property or asset. It serves as a form of security and ensures that debts or obligations are satisfied.
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