Contractor Lien Waiver,
Contractor lien waiver- Know more about it
The contractor lien waiver is a document that is signed by the contractor and states that the payment for the project has been received and therefore they waive any lien rights t the property of the owner.
Types of lien waiver
There are basically four types of lien waiver that can be listed as follows:
This is one of the safest forms of waiver that is designed for the claimant. The waiver proves that if the payment has been done then there s no lien claim to the property of the owner.
This is a time bound waiver that releases the claimant from any lien claim on the property after a specific date.
The payment made up to date releases all the claimant rights in order to any mechanics lien.
This waiver is considered safest one for the owners as the mechanics lien on the owner’s property is released unconditionally. This type of release is issued only when the claimant is sure of the fact that all the work has been finished and the payment has been done.
All the types of lien waiver are issued including the no return or stopped payment checks. There are different types of waivers accepted in different states and this is why you should first make sure of the requirements of your state before issuing this type of release.
Contractor Lien Waiver, 6.7 out of 10 based on 6 ratings
Customer Name Customer Address
Customer City/State/Zip Customer Phone Number
Job Location Date
Contractor Address ________________________________________________
Description of work completed to date: ________________________________
Payments received to date: $___________
Payment received on this date: $_________
The Contractor signing below acknowledges receipt of all payments stated above. These payments are in compliance with the written contract between the parties above. The Contractor signing below hereby states payment for all work done to this date has been paid in full.
The Contractor signing below releases and relinquishes any and all rights available to place a mechanics or material man lien against the subject property for the above described work. All parties agree that all work performed to date has been paid for in full and in compliance with their written agreement.
The undersigned Contractor releases the Customer for any liability from non-payment of material or services extended through this date. The undersigned contractor has read this entire agreement and understands the agreement.
Given under hand and seal this _____day of __________________, 20___.