Satisfaction of Mechanic's Lien (Minnesota)
About this template
A Satisfaction of Mechanic's Lien (Minnesota) legal template is a written document that signifies the release or discharge of a mechanic's lien on a property in the state of Minnesota. A mechanic's lien is a legal claim imposed on a property by a contractor or construction professional who has provided labor, materials, or services for the improvement of that property and has not been fully compensated for their work.
This template provides a structured format for contractors or construction professionals to officially acknowledge that they have received payment in full for their services, hence releasing any existing mechanic's lien on the property. It includes details such as the property owner's name, the contractor's information, a description of the work performed, the original lien amount, the date of payment, and any relevant supporting documentation.
By completing this legal template and submitting it to the appropriate authorities or parties involved, the contractor can confirm that the mechanic's lien has been satisfied. This document provides a necessary and formal declaration of the resolution between the parties involved in the lien, ensuring the property owner's title is clear and free from any encumbrances resulting from the lien.