General Contractor Lien Waiver Form For Contractors
Description
How to fill out Waiver And Release Of Lien By Contractor?
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FAQ
A final unconditional waiver is intended for when the final payment on the project has been received. After signing this type of waiver, no further payments are expected in the future, and you are simply confirming that all payments owed to you on the project have been received on hand.
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.
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.
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.
Following preservation of a construction lien by registering the lien on title to the subject property, the lien must then be ?perfected? by issuing a statement of claim and certificate of action with the Superior Court of Justice. The certificate must also be registered against title to the property.
