The lienor in consideration for final and full payment, waives and releases its lien and right to claim a lien for labor, services, or materials furnished during a certain date.
Contractor Release Of Lien Form For Subcontractors
Category:
State:
Multi-State
Control #:
US-01740
Format:
Word;
Rich Text
Instant download
Description
How to fill out Waiver And Release Of Lien By Contractor?
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FAQ
Under the Ontario Construction Lien Act a lien must be registered at the Land Titles Office within 60 days from the date the work is completed or the materials supplied to the project job site.
In the province of Ontario, there is the Construction Act. This law allows anyone who supplies service or materials to put a lien on a property. This means anyone who is involved in any part of the building process ? whether supplier, contractor, or subcontractor ? may place a lien on the property at hand.
A construction lien will expire unless the contractor brings a court claim against you within a certain amount of time. Even if the contractor brings a claim, you can still get the lien taken off quickly by choosing to pay the amount of the lien to the court instead of to the contractor.
A lien must be perfected prior to 90 days from the last date on which the lien could have been preserved. Therefore, in total, a Lien Claimant has 150 days to preserve and perfect their lien from the earlier of the contract being completed, abandoned or terminated.
In Ontario, there is the Construction Act. This allows anyone supplying service or materials to put a lien on the property. This applies to anyone who provides services for either the owner, a contractor or even a subcontractor. The only exception to this is if the owner is the federal or provincial crown.
