(770 ILCS 60/1.2)
Sec. 1.2. Rental equipment liens. In addition to persons who would
otherwise have a lien under this Act, any person, whether contractor or
subcontractor, who leases construction equipment to another for use in the
process of
constructing a specific
improvement to real estate, has a lien for the rental value of the construction
equipment
to the same extent and in the same manner as provided in this Act for other
liens. This Section shall apply only if, and to the extent that, the equipment
is
used on or about the site of the improvement. This Section does not apply if the improvement is either
a single family residence or a multi-family residence of fewer than 12 units in
a single building.
(Source: P.A. 95-274, eff. 8-17-07.) |