This Conditional Waiver and Release of Claim of Lien Upon Final Payment is for use by a lienor in consideration of final payment to waive and release his or her lien and right to claim a lien for labor, services or materials furnished through a particular date to a customer on the job of an owner of property. This Conditional Waiver and Release of Lien Upon Final Payment is conditioned upon the lienor receiving collected funds for the described work, and if these funds are not received within a certain number of days of the date of this waiver, this Conditional Waiver and Release of Lien is void.
Oregon Lien Waiver Form With Notary
Category:
State:
Oregon
Control #:
OR-13-09
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oregon Conditional Waiver And Release Of Claim Of Lien Upon Final Payment?
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FAQ
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.
Once you have received payment from the customer, you must complete and file an Oregon satisfaction of lien form to release a mechanic's lien in Oregon (also known as a construction lien).
A judgment lien is created automatically on any debtor property located in the Oregon county where the judgment is entered. For debtor property in another Oregon county, the creditor must record the judgment in the County Clerk Lien Record for the county where the property is located.
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.
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.