Lien Waiver For General Contractor

State:
Multi-State
Control #:
US-02836BG
Format:
Word; 
Rich Text
Instant download

Description

The Lien Waiver for General Contractor is a legal document designed to support general contractors in assigning their mechanic's lien rights to another party. This form details the essential information regarding the contractor (Assignor) and the party receiving the assignment (Assignee), including names, addresses, and the specific amount owed for labor and materials. It also references relevant state statutes, ensuring proper legal compliance. The form emphasizes the transfer of lien enforcement power to the Assignee, allowing them to collect debts as if they were the Assignor. This document typically includes attachments such as a copy of the contract with the property owner and notice of the lien filed with the appropriate recording office. Legal professionals, including attorneys, paralegals, and legal assistants, can utilize this form to secure their clients' rights effectively while ensuring that all procedural requirements are met. This form is particularly useful when contractors seek to ensure payment for their services in construction projects, thereby protecting their financial interests in the work performed.
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FAQ

Joint Checks. The simplest way to prevent liens and ensure that subcontractors and suppliers are paid is to pay with joint checks. This is when both parties endorse the check. Compare the contractor's materials or labor bill to the schedule of payments in your contract and the Preliminary Notices.

Notarization Not RequiredCalifornia does not require lien waivers to be notarized. Notarizing a lien waiver form in California could actually invalidate it.

FLORIDA'S CONSTRUCTION LIEN LAW ALLOWS SOME UNPAID CONTRACTORS, SUBCONTRACTORS, AND MATERIAL SUPPLIERS TO FILE LIENS AGAINST YOUR PROPERTY EVEN IF YOU HAVE MADE PAYMENT IN FULL. UNDER FLORIDA LAW, YOUR FAILURE TO MAKE SURE THAT WE ARE PAID MAY RESULT IN A LIEN AGAINST YOUR PROPERTY AND YOUR PAYING TWICE.

If the supplier contracts with the property owner, Florida does not require a preliminary notice. In Florida, the deadline to file a mechanics lien is 90 days from last furnishing labor or materials to the project.

Mechanics lien rights in California This includes direct contractors (aka prime or general contractors), subcontractors, design professionals, material suppliers, and equipment lessors. If the work being performed requires a license, then the claimant must be licensed in order to file a mechanics lien.

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Lien Waiver For General Contractor