Contractor Release Of Lien Form With Notary Signature

State:
Multi-State
Control #:
US-01740
Format:
Word; 
Rich Text
Instant download

Description

The Contractor release of lien form with notary signature serves as a crucial document that allows a contractor to formally waive their right to file a lien against a property for labor, services, or materials provided. This form is specifically designed to accompany the final payment made towards a construction project and is essential for ensuring clear title to the property. Key features of the form include spaces for the lienor's name, address, and the details of the payment, as well as the necessity of a notary signature for validation. Filling out this form involves providing the final payment amount, the date of service completion, and the specific details of the property and customer involved. Attorneys, partners, owners, associates, paralegals, and legal assistants can benefit from this form by using it to protect their clients' interests and to streamline the payment process in construction transactions. It's particularly useful for those conducting real estate transactions or managing construction projects, as it eliminates the risk of future claims against the property. Ensuring that this form is filled accurately can prevent potential legal disputes and facilitate smoother business operations.

How to fill out Waiver And Release Of Lien By Contractor?

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FAQ

The following states have no notarization (or any other attestation) requirements for mechanics liens: California. Georgia. Hawaii.

Release details: Provide a statement confirming that the borrower has fully repaid the debt and that the lienholder is relinquishing their legal claim on the property or asset. Include the date when the borrower paid off the debt.

In Wisconsin, a lien waiver statement must include the amount of money being paid, any other payments made, and the dates of payments. This document must be provided by the property owner to ensure that financial transactions between contractors and homeowners are valid under the law.

Texas Property Code, Section 53.284, prescribes statutory language for Waiver and Release of Lien or Payment Bond Claims. Waivers for claims under a PRIME CONTRACT signed AFTER January 1, 2021, DO NOT need to be notarized. Waivers for claims under a PRIME CONTRACT signed BEFORE January 1, 2021, MUST be notarized.

California has no requirement that a lien waiver must be notarized; in fact, this could even invalidate the form.

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Contractor Release Of Lien Form With Notary Signature