Common use of MECHANIC’S LIEN DISCLOSURE Clause in Contracts

MECHANIC’S LIEN DISCLOSURE. An effective lien for work performed prior to settlement may be filed after settlement. Seller shall deliver to Buyer at settlement an affidavit signed by Xxxxxx stating either that; No labor or materials have been furnished to the property within the statutory period, OR: If labor and materials have been furnished during the statutory period, the costs thereof have been paid.