Oregon Lien Waiver Form For Subcontractor

State:
Oregon
Control #:
OR-13-09
Format:
Word; 
Rich Text
Instant download

Description

The Oregon lien waiver form for subcontractor is a legal document that allows a subcontractor to waive their right to file a lien against a property upon receiving final payment for work performed. This form is particularly beneficial for subcontractors who want to ensure prompt payments while protecting property owners from future claims. Key features of the form include the requirement for specific details such as the claimant's name, debtor's name, amount of the lien, and a legal description of the property involved. Filling out the form involves clearly stating the conditions under which the waiver is valid, emphasizing that it is contingent on the receipt of funds. Attorneys, partners, and associates can use this form to facilitate smoother transactions in construction projects, while paralegals and legal assistants could assist clients in accurately completing and filing the necessary documentation. Importance lies in the fact that this conditional waiver serves not only as a release for the contractor but also provides assurance to property owners and lenders that there are no lingering claims post-payment. Proper execution of this form involves a signature from the lien holder and notarization, ensuring its credibility and legal standing.
Free preview
  • Preview Conditional Waiver and Release of Claim of Lien Upon Final Payment
  • Preview Conditional Waiver and Release of Claim of Lien Upon Final Payment

How to fill out Oregon Conditional Waiver And Release Of Claim Of Lien Upon Final Payment?

It’s obvious that you can’t become a legal professional overnight, nor can you grasp how to quickly draft Oregon Lien Waiver Form For Subcontractor without the need of a specialized background. Putting together legal forms is a time-consuming process requiring a particular education and skills. So why not leave the preparation of the Oregon Lien Waiver Form For Subcontractor to the professionals?

With US Legal Forms, one of the most extensive legal document libraries, you can find anything from court paperwork to templates for in-office communication. We know how crucial compliance and adherence to federal and local laws and regulations are. That’s why, on our platform, all templates are location specific and up to date.

Here’s start off with our platform and obtain the form you need in mere minutes:

  1. Find the form you need with the search bar at the top of the page.
  2. Preview it (if this option provided) and read the supporting description to figure out whether Oregon Lien Waiver Form For Subcontractor is what you’re searching for.
  3. Start your search over if you need a different template.
  4. Set up a free account and choose a subscription plan to buy the template.
  5. Choose Buy now. Once the transaction is through, you can get the Oregon Lien Waiver Form For Subcontractor, fill it out, print it, and send or send it by post to the necessary individuals or organizations.

You can re-gain access to your forms from the My Forms tab at any time. If you’re an existing client, you can simply log in, and find and download the template from the same tab.

No matter the purpose of your paperwork-be it financial and legal, or personal-our platform has you covered. Try US Legal Forms now!

Form popularity

FAQ

How to File a Mechanic's Lien in Oregon ? Step-By-Step Guide Step 1: Determine if you have the right to file a lien. Step 2: Send notice of right to lien. Step 3: Prepare the lien document. Step 4: File the lien. Step 5: Send notice of lien. Step 6: Secure payment. Step 7: Release the lien.

An original contractor that fails to provide a written contract as required by law, may not place a construction lien against the owner's property. materials, labor, equipment, or services provided to your project from everyone who sends you a Notice of Right to Lien.

There is no statutory requirement in Oregon that a lien waiver be notarized. However, OR Rev Stat § 701.630 (2015) specifically notes that an ?original contractor or subcontractor may require that . . . waivers of lien be notarized? by contract.

A lien waiver is a written agreement between a payer and a counterparty where said counterparty gives up their right to place a lien on the payer's property or goods.

How to Fill Out The Conditional Final Payment Waiver Form Name of Claimant. This is the name the party to be paid, and the party who will be signing the lien waiver document. ... Name of Customer. ... Job Location. ... Owner. ... Amount of the Check. ... Check Payable To. ... Exceptions. ... Claimant's Signature.

Trusted and secure by over 3 million people of the world’s leading companies

Oregon Lien Waiver Form For Subcontractor