Partial Lien Release With Mortgage

• Category: Liens - Construction - Mechanics
• State: Florida
• Control #: FL-03204
• Format: Word; Rich Text

Description

The Partial Lien Release with Mortgage serves to formalize the waiver of a lien by the lienor in exchange for a specified payment. This legal document is particularly useful when a project is partially complete, allowing contractors or suppliers to release their claim on payment for work done up to a certain date, while retaining the right to claim unpaid amounts for any future services. The form includes detailed sections for the lienor's information, the amount of the payment received, the description of the property in question, and significant conditions under which the waiver is valid. Users must fill out their details accurately and ensure this release is executed before receiving payment to maintain its legal validity. It should also be noted that this waiver does not apply to any further claims for labor, services, or materials beyond the specified date. Target audiences, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form essential in navigating lien laws, ensuring the proper flow of payments, and managing client's interests efficiently. Overall, this form can safeguard against potential disputes and streamline the payment processes in contract execution.

Law summary