General Contractor Lien Waiver Form With Payment

Category:

Liens - Construction - Mechanics

State:

Multi-State

Control #:

US-01740

Format:

Instant download

Description

The General Contractor Lien Waiver Form with Payment is a crucial document used to formally waive and release a contractor's lien after receiving final payment for labor, services, or materials. This form is designed to protect both the contractor and the property owner by ensuring that once payment is made, the contractor cannot claim a lien against the property for the specified work. Key features include details for stating the final payment amount, the date of the waiver, and the description of the work performed. Filling out the form involves entering the necessary details, such as the lienor's name, address, and the property owner's information. This document is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction, ensuring that all parties honor payment agreements and reduce the risk of legal disputes. It promotes clear communication and helps maintain professional relationships in the construction industry. Proper completion of this document is essential for safeguarding all parties' interests and confirming the completion of contractual obligations.

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

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FAQ

How to fill out a Florida Waiver and Release of Lien Upon Final Payment? 1. $ This is the amount of payment that you are waiving. ... Name of customer. This is the name of the party who hired you for the project. Name of owner. This is the name of the owner(s) of the property. ... Description of the project. ... Sign date. ... By-line.

An unconditional release is when someone is completely freed from custody or obligation without any conditions or restrictions. This means they are no longer under any legal or contractual obligations and can go about their life freely. It is the final discharge of a prison inmate from custody.

This Unconditional Waiver and Release of Lien Upon Final Payment is for use on construction projects in Florida. Signing this waiver signifies that no further payments are expected, and gives up the signer's right to file a mechanics lien for any amount.

The Preliminary Notice These notices allow you to track who has a potential claim against your property. Subcontractors and suppliers must provide you with this notice in order to maintain their right to file a lien. If they don't provide you with the notice, they lose the right to file a lien.

The execution of an Unconditional Waiver upon Final Payment in Florida means that the signor has waived their right to file a mechanics lien for payment in any amount and extinguishes all preexisting claimant rights.