Michigan Partial Unconditional Waiver of Lien - Individual
What this document covers
The Partial Unconditional Waiver of Lien - Individual is a legal document used by contractors, subcontractors, or suppliers to acknowledge receipt of payment for provided services or materials. This waiver signifies that the individual relinquishes their right to later claim a construction lien against the property for the amount specified in the form. It is important to note that it serves as both a confirmation of payment and a warning to the property owner that lien rights are being waived, differentiating it from other lien forms that may not include this notification aspect.
Main sections of this form
- Identification of the lien claimant and the party with whom they have a contract.
- Description of the work and/or materials provided for the property improvement.
- Specification of the property associated with the construction contract.
- Details of the amount for which the lien right is waived.
- Date through which the labor or materials have been provided.
- Clarification of whether this waiver covers all amounts or just a partial payment.
- Signature of the lien claimant, along with printed name, address, and telephone number.
When to use this document
This form is typically used when payment is made for construction work or materials supplied. It is essential when a contractor or supplier wants to ensure that they provide formal notice of their waiver of lien rights, which may be necessary to maintain a good relationship with the property owner. It's particularly relevant in situations where the property owner requests evidence that payments have been made, allowing for a smooth continuation of construction projects.
Intended users of this form
This form is intended for:
- Contractors who perform labor on a property.
- Subcontractors who contribute services or materials to the main contractor.
- Suppliers providing building materials to contractors or subcontractors.
- Property owners who need to formally acknowledge payment and the waiver of lien rights.
How to complete this form
- Identify the parties involved, including the lien claimant and the party with whom they have a contract.
- Clearly describe the work performed or materials supplied for the improvement.
- Specify the property address where the work has been done.
- Enter the amount for which the lien is being waived.
- Provide the date through which services have been provided.
- Have the lien claimant sign the form and include their printed name, address, and contact number.
Does this document require notarization?
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
Typical mistakes to avoid
- Failing to sign the form, which renders it invalid.
- Leaving fields blank, especially the amount being waived.
- Not providing a clear description of the work done or materials supplied.
- Omitting contact information for verification purposes.
Advantages of online completion
- Convenient access to legal form templates, allowing for quick downloads.
- Editability of forms to fit specific needs before printing.
- Reliability of documents drafted by licensed attorneys to ensure legal compliance.
Form popularity
FAQ
A lien waiver is signed before a lien is actually filed. The party submitting the lien waiver states that they waive the right to lien against the project. In some instances, the property owner or general contractor may request that you sign and deliver a lien waiver before payment is disbursed.
As adjectives the difference between unconditional and conditional. is that unconditional is absolute; without conditions, limitations, reservations or qualifications while conditional is limited by a condition.
An "Unconditional Waiver and Release Upon Progress Payment" discharges all claimant rights through a specific date with no stipulations. A "Conditional Waiver and Release Upon Progress Payment" discharges all claimant rights through a specific date, provided the payments have actually been received and processed.
Name of Claimant. This is the name the party to be paid, and the party who will be signing the lien waiver document. Name of Customer. Job Location. Owner. Exceptions. Claimant's Signature. Claimant's Title. Date of Signature.
An "Unconditional Waiver and Release Upon Progress Payment" discharges all claimant rights through a specific date with no stipulations. A "Conditional Waiver and Release Upon Progress Payment" discharges all claimant rights through a specific date, provided the payments have actually been received and processed.
Conditional Waiver for Progress or Partial Payment A partial conditional waiver should be used when you are expecting to receive a progress payment on the project. You may be expecting future payments on the project, but are looking to sign a waiver for a specific progress or partial payment that you are receiving.
An unconditional partial waiver should be used when you have received a progress payment on the project. You may be expecting future payments on the project, but are looking to sign a waiver for a specific progress or partial payment that you are receiving.
Name of Claimant. This is the name the party to be paid, and the party who will be signing the lien waiver document. Name of Customer. Job Location. Owner. Exceptions. Claimant's Signature. Claimant's Title. Date of Signature.
Conditional lien waivers are conditioned upon something (typically the receipt of payment).The party receiving payment maintains its right to file a lien until the check is actually cashed; the party making payment will never face double payment (paying the party they hired and also being faced with a lien).
