This Conditional Waiver and Release of Lien Upon Final Payment form is for use by an individual lienor to waive and release his or her lien and right to claim a lien for labor, services or materials furnished in consideration of final payment. This waiver is conditional upon the lienor receiving final payment for his or her work, and if funds are not received, the waiver is void.
A Florida conditional lien waiver form with notary sample is a legal document used in the state of Florida to release a claim on a property in exchange for payment, subject to certain conditions. The form is commonly utilized in the construction industry to protect the property owner from future potential claims or liens by contractors, subcontractors, or suppliers involved in a construction project. It acts as an acknowledgment that a partial or full payment has been received, satisfying the claimant's right to a lien on the property. Some relevant keywords associated with a Florida conditional lien waiver form with notary sample include: 1. Florida: Indicates the specific state in which the lien waiver is applicable, as lien laws may vary from state to state. 2. Conditional Lien Waiver: Denotes that the waiver is conditional, meaning that the claimant's right to a lien is only waived upon the fulfillment of certain conditions. 3. Notary Sample: Refers to a sample form that includes a notary acknowledgment section, meaning it must be signed and notarized in the presence of a licensed Florida notary public. Additionally, there are different types of conditional lien waivers in Florida, which can be classified into two categories: 1. Partial Conditional Lien Waiver: This type of waiver releases a claim for partial payment, covering a specific portion of the total payment owed to the claimant. It is commonly used when a project is in progress or when multiple payments are expected throughout the duration of the project. 2. Final Conditional Lien Waiver: Unlike the partial waiver, the final conditional lien waiver indicates that the claimant has received the complete payment owed for the project. It releases any right to a lien on the property, provided that all conditions stated in the waiver have been satisfied. In conclusion, a Florida conditional lien waiver form with notary sample is a crucial legal document used in construction projects to release a claimant's right to a lien on a property, subject to certain conditions. It can come in two types: partial and final, depending on the stage of the project and the payment received.
