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 Forms With Statutory
Category:
State:
Oregon
Control #:
OR-13-09
Format:
Word;
Rich Text
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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
Does Oregon require a specific statutory lien waiver form? No, Oregon does not provide or require statutory forms for lien waivers.
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.
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.
You must include a statement of demand, the name of the owners of the property, the name of the person who hired you, a description of the property and a proper verification under oath (notary). ORS 87.035(3)-(4). You must record the lien in the county where the project is located. ORS 87.035(2).
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).