Releasing a Notice of Right to Lien by Surety Bond in Nevada

The Release of Notice of Lien by Surety Bond is used to obtain the release of all prospective and existing lien rights of lien claimants related to a work of improvement. Under NRS 108.2415(2), to obtain such a release, the principal and a surety must execute and record a surety bond in an amount equal to 1.5 times the amount of the prime contract. So, for example, if the lien amount is for $1,000, bond must be posted for $1,500.

The surety bond release form must include: the title of court and cause of action (if a lawsuit has been filed), name and address of the principal (person giving the bond), the owner's name, and information about the prime contract including parties, amount, date executed, and a summary of the terms.

The principal must record the surety bond in the office of the county recorder in the county in which the property upon which the improvement is located, either before or after the commencement of an action to enforce the lien.

By properly completing and recording this document, the bond becomes a security substitute for any existing or prospective lien on the owner's property.

Contact an attorney with questions about mechanic's liens or surety bonds associated with them.

How to Use This Form

Select your county or independent city from the list above
Download the county or independent city-specific form
Fill in the required information
Have the document notarized if required
Record with your county or independent city recorder's office

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Common Uses for Release of Prospective Lien by Surety Bond

Protect a contractor's right to payment for work performed
Protect subcontractor payment rights on a building project
Document partial payment received on a construction project
Document consent of the property owner for improvements
Provide required pre-lien notice before filing a claim
File a final lien waiver after project completion and payment

Compare other Nevada deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Special Warranty Deed Grant Deed Easement Deed Termination of Easement Correction Deed Mineral Deed Mineral Quitclaim Deed Transfer on Death Deed Transfer on Death Revocation Transfer on Death Affidavit Special Power of Attorney for Real Property Affidavit of Death of Joint Tenant Affidavit of Death of Spouse Holding Community Property Personal Representative Deed of Distribution Personal Representative Deed of Sale Disclaimer of Interest Certificate of Trust Deed of Trust Assignment of Deed of Trust Deed of Full Reconveyance Substitution of Trustee and Deed of Reconveyance (For Deed of Trust) Contract of Sale Memorandum of Contract of Sale Release of Memorandum of Contract of Sale Notice of Right to Lien Notice of Mechanics Lien Notice of Completion Discharge of Lien Release of Notice of Lien by Surety Bond Unconditional Waiver upon Progress Conditional Waiver upon Progress Unconditional Final Waiver of Lien Conditional Final Waiver of Lien Lis Pendens Lis Pendens Release

Important: County or Independent City-Specific Forms

Our release of prospective lien by surety bond forms are specifically formatted for each county or independent city in Nevada.

After selecting your county or independent city, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.

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