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Release of Prospective Lien by Surety Bond Form - Lyon County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 10/24/2018
Release of Prospective Lien by Surety Bond Guide - Lyon County
Line by line guide explaining every blank on the form.
Included document last updated 11/12/2018
Completed Example of the Release of Prospective Lien by Surety Bond Document - Lyon County
Example of a properly completed form for reference.
Included document last updated 10/25/2018
*The Following Nevada and Lyon County supplemental forms are included as a courtesy with your order.
Declaration of Value
When a deed is recorded, this form is required. Line-by-line instructions and helpful hints can be viewed on pages 2-4 of the form. For a list of statutory exemptions, consult the second document.
Notary Certificates
The supplemental forms in this section can be used as loose certificates by notaries in the state.
Declaration of Homestead
A homestead declaration protects your home from being seized and sold in the event that a money judgment is entered against you by a court.
Abandonment of Homestead
Use this form to abandon all claims to a homestead for the real property described.
Including:
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.
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It had what you needed pretty basic some of the wording was a bit ambiguous but overall it gets the job done.
On target for sure good job with these forms!