How do you use Releasee in a sentence?

You can use 'releasee' in a sentence like this: 'The releasee has given permission for the project to proceed without any legal claims.' This illustrates the role of the releasee in legal agreements. Understanding this term is essential when dealing with contracts and releases.

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New York Conditional Waiver and Release of Lien Upon Final Payment

Release .e

Q: What is the correct plural form?

The correct plural form of &#039;release&#039; is &#039;releases.&#039; This term captures instances where multiple parties or agreements are involved in the legal process of releasing claims. Accurate use of these terms is important in legal practice.

Q: What is it in plural form?

When referring to &#039;release&#039; in plural form, it is &#039;releases.&#039; This term encompasses various documents or agreements that involve the relinquishment of claims. Clear understanding of these terms is vital for effective legal drafting.

Q: What is the plural for release?

The plural form of &#039;release&#039; is &#039;releases.&#039; This term is essential when discussing multiple legal documents or agreements where obligations are waived. Being familiar with the plural forms aids in creating accurate legal language.

Q: Which word is in plural form?

In the context of legal documentation, the word &#039;releasees&#039; is in the plural form. It indicates more than one party involved in a release agreement. Understanding these distinctions is crucial for effective communication in legal matters.

Q: What is the plural form of Releasee?

The plural form of &#039;releasee&#039; is &#039;releasees.&#039; This term is used to refer to multiple individuals or entities that are granted a release from obligations or claims. Having clarity on terms like releasee and its plural helps in legal documentation.

Q: How do you use Releasee in a sentence?

You can use &#039;releasee&#039; in a sentence like this: &#039;The releasee has given permission for the project to proceed without any legal claims.&#039; This illustrates the role of the releasee in legal agreements. Understanding this term is essential when dealing with contracts and releases.

Q: Can you write your own release form?

Yes, you can write your own release form. It&#039;s vital to ensure that the form clearly specifies the terms and conditions of the release and includes the necessary signatures. However, using a trusted platform like US Legal Forms can provide pre-made templates that simplify the process while ensuring that all legal requirements are met.

Category:

Liens - Construction - Mechanics

State:

New York

Control #:

NY-14-09

Format:

Instant download

Description

The Release .e is a Conditional Waiver and Release of Lien Upon Final Payment form, which serves as a legal document utilized predominantly in construction and contractor-related transactions. This form allows the lienor to waive their right to claim a lien in exchange for final payment received for labor, services, or materials provided. Key features of the form include sections for the lienor's details, payment amount, and a clause ensuring that the waiver is only valid upon the receipt of the specified funds. Users should fill in their personal information, details of the payment, and the description of the property involved, ensuring that all sections are completed accurately. It is advisable for the user to seek confirmation of payment before relying on this waiver. This form is especially relevant for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction, as it helps protect against potential disputes over payments and liens. Implementing this form aids in streamlining the payment process, ensuring all parties are clear on their rights and obligations.

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FAQ

The releaser is the party that grants the release, while the releasee is the party receiving that release. This relationship is foundational in many legal agreements, reflecting the terms and conditions under which obligations are waived. Understanding these roles can simplify your approach to legal contracts.

The correct plural form of 'release' is 'releases.' This term captures instances where multiple parties or agreements are involved in the legal process of releasing claims. Accurate use of these terms is important in legal practice.

When referring to 'release' in plural form, it is 'releases.' This term encompasses various documents or agreements that involve the relinquishment of claims. Clear understanding of these terms is vital for effective legal drafting.

The plural form of 'release' is 'releases.' This term is essential when discussing multiple legal documents or agreements where obligations are waived. Being familiar with the plural forms aids in creating accurate legal language.

In a legal context, a releasee refers to an individual or entity that receives a release from liability. This term often appears in contracts or agreements where one party waives their right to make claims against another. Knowing the exact meaning of releasee can help you navigate legal documents more effectively.

In the context of legal documentation, the word 'releasees' is in the plural form. It indicates more than one party involved in a release agreement. Understanding these distinctions is crucial for effective communication in legal matters.

The plural form of 'releasee' is 'releasees.' This term is used to refer to multiple individuals or entities that are granted a release from obligations or claims. Having clarity on terms like releasee and its plural helps in legal documentation.

You can use 'releasee' in a sentence like this: 'The releasee has given permission for the project to proceed without any legal claims.' This illustrates the role of the releasee in legal agreements. Understanding this term is essential when dealing with contracts and releases.

Yes, you can write your own release form. It's vital to ensure that the form clearly specifies the terms and conditions of the release and includes the necessary signatures. However, using a trusted platform like US Legal Forms can provide pre-made templates that simplify the process while ensuring that all legal requirements are met.

Filling out a release form involves completing essential details such as the names of the parties involved, the rights being waived, and any relevant dates. Ensure that the language is clear and concise, making the intent unmistakable. Utilizing platforms like US Legal Forms can help streamline this process and provide you with guidance on proper completion.

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Conditional Waiver and Release of Lien Upon Final Payment

Note: This summary is not intended to be an all inclusive discussion of New York's construction or mechanic's lien laws, but does include basic provisions.

What is a construction or mechanic's lien?

Every State permits a person who supplies labor or materials for a construction project to claim a lien against the improved property. While some states differ in their definition of improvements and some states limit lien claims to buildings or structures, most permit the filing of a document with the local court that puts parties interested in the property on notice that the party asserting the lien has a claim. States differ widely in the method and time within which a party may act on their lien. Also varying widely are the requirements of written notices between property owners, contractors, subcontractors and laborers, and in some cases lending institutions. As a general rule, these statutes serve to prevent unpleasant surprises by compelling parties who wish to assert their legal rights to put all parties who might be interested in the property on notice of a claim or the possibility of a claim. This by no means constitutes a complete discussion of construction lien law and should not be interpreted as such. Parties seeking to know more about construction laws in their State should always consult their State statutes directly.

Who can file a lien in this State?

New York law permits "A contractor, subcontractor, laborer, materialman, landscape gardener, nurseryman or person or corporation selling fruit or ornamental trees, roses, shrubbery, vines and small fruits, who performs labor or furnishes materials for the improvement of real property with the consent or at the request of the owner thereof, or of his agent, contractor or subcontractor, and any trust fund to which benefits and wage supplements are due or payable for the benefit of such laborers, to have a lien for the principal and interest, of the value, or the agreed price, of such labor, including benefits and wage supplements due or payable for the benefit of any laborer, or materials upon the real property improved or to be improved and upon such improvement, from the time of filing a notice of such lien..." N.Y. Lien Law Â§3.

How long does a party have to file a lien?

A notice of lien may be filed at anytime during the progress of the work and the furnishing of the materials, or, within eight months after the completion of the contract, or the final performance of the work, or the final furnishing of the materials, dating from the last item of work performed or materials furnished; provided, however, that where the improvement is related to real property improved or to be improved with a single family dwelling, the notice of lien may be filed at any time during the progress of the work and the furnishing of the materials, or, within four months after the completion of the contract, or the final performance of the work, or the final furnishing of the materials, dating from the last item of work performed or materials furnished. N.Y. Lien Law Â§10.

What kind of notice is required prior to filing a lien?

"Within five days before or thirty days after filing the notice of lien, the lienor shall serve a copy of such notice upon the owner, if a natural person, (a) by delivering the same to him personally, or if the owner cannot be found, to his agent or attorney, or (b) by leaving it at his last known place of residence in the city or town in which the real property or some part thereof is situated, with a person of suitable age and discretion, or (c) by registered or certified mail addressed to his last known place of residence, or (d) if such owner has no such residence in such city or town, or cannot be found, and he has no agent or attorney, by affixing a copy thereof conspicuously on such property, between the hours of nine o'clock in the forenoon and four o'clock in the afternoon; if the owner be a corporation, said service shall be made (i) by delivering such copy to and leaving the same with the president, vice-president, secretary or clerk to the corporation, the cashier, treasurer or a director or managing agent thereof, personally, within the state, or (ii) if such officer cannot be found within the state by affixing a copy thereof conspicuously on such property between the hours of nine o'clock in the forenoon and four o'clock in the afternoon, or (iii) by registered or certified mail addressed to its last known place of business. Failure to file proof of such a service with the county clerk within thirty-five days after the notice of lien is filed shall terminate the notice as a lien." N.Y. Lien Law Â§10.

How long is a lien good for?

"Any lien created under New York law shall be a lien for a period longer than one year after the notice of lien has been filed, unless within that time an action is commenced to foreclose the lien, ..." or the appropriate steps are taken to request that the court grant an extension. N.Y. Lien Law Â§17.

Are liens assignable?

Yes. New York statutes provide for the assignment of valid liens. The assignment must be in writing and acknowledged by the lien holder. N.Y. Lien Law Â§13.

Does this State require or provide for a notice from subcontractors and laborers to property owners?

Yes. A contractor working on a public improvement may issue a written demand that a state agency provide a notice of completion and acceptance. Also, a subcontractor or other party who furnishes labor and or materials for the improvement of property may issue a demand to the owner or contractor demanding that the owner or contractor provide a statement of the terms of the contract between the owner and the contractor.

Does this State require or provide for a notice from the property owner to the contractor, subcontractor, or laborers?

Yes. Under New York law a property owner whose property has been the subject of a notice of lien may demand in writing that the lien claimant provide an itemized statement of the labor and/or materials provided and their value.

Does this State require a notice prior to starting work, or after work has been completed?

No. New York statutes do not require a Notice of Commencement or a Notice of Completion as required in some other States.

Does this State permit a person with an interest in property to deny responsibility for improvements?

No. New York statutes do not have a provision which permits the denial of responsibility for improvements.

Is a notice attesting to the satisfaction of a lien provided for or required?

No. New York statutes do not provide for or require that a lien holder who has been paid produce or file a notice to that effect.

By what method does the law of this State permit the release of a lien?

A lien claimed under New York law may be discharged by the issuing of a certificate by the lien holder, filed in the court where the lien notice was filed, acknowledging the satisfaction and release of said lien. Otherwise, the lien will dissolve automatically within one year of filing if no legal action is taken to foreclose on said lien.

Does this State permit the use of a bond to release a lien?

Yes. New York law permits a party with an interest in the property in question to file a bond in the amount unpaid under the contract.