New Hampshire Unconditional Waiver and Release of Lien Upon Progress Payment
About this form
The Unconditional Waiver and Release of Lien Upon Progress Payment form is a legal document used by a lienor to waive and release their claim to a lien for labor, services, or materials provided by a certain date. This form is particularly useful in construction projects, ensuring that upon receiving progress payments, the lienor relinquishes their right to file a lien against the property owner. This differs from conditional waivers, which require payment to be received before the waiver is valid.
Main sections of this form
- Date of waiver and release
- Amount for which lien is waived
- Specific date through which labor and materials were provided
- Name of the customer and property owner
- Description of the property
- Signature of lien holder and notary acknowledgment
Situations where this form applies
This form should be used when a contractor or supplier has provided labor, services, or materials to a project and has received a progress payment. It is crucial for ensuring that the lienor cannot later file a lien for the completed work covered by that payment. This form is typically used during construction projects, remodels, or any situation where liens on property may be an issue.
Who this form is for
This form is intended for:
- Contractors providing services or materials in construction
- Suppliers delivering materials to a construction site
- Any lienor who has been paid a progress payment and wishes to waive their lien rights for that payment
Steps to complete this form
- Enter the date of execution in the designated space.
- Specify the amount you are waiving the lien for.
- Fill in the date through which labor and materials were provided.
- Complete the names of the customer and property owner.
- Provide a detailed description of the property involved.
- Sign the form as the lien holder and ensure it is notarized if required.
Does this form need to be notarized?
Yes, this form must be notarized to be legally valid. US Legal Forms offers integrated online notarization services, allowing you to securely complete the notarization process via video call at any time, without the need for travel.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Not specifying the correct date through which the work was completed.
- Failing to include all required signatures.
- Not providing a detailed description of the property.
- Using the form without verifying state-specific requirements.
Benefits of using this form online
- Instant access to legally vetted templates developed by licensed attorneys.
- Easy to fill out and edit according to your specific project needs.
- Convenient and cost-effective, eliminating the need for in-person consultations.
Legal use & context
- Valid in construction contracts and agreements to ensure payment security.
- Protects property owners from potential liens after payment is made.
- Serves as evidence that a lienor has waived their rights to claim further against the property for the specified work.
Quick recap
- The Unconditional Waiver and Release of Lien Upon Progress Payment is essential for protecting property owners and lienors in construction projects.
- This form requires proper completion and notarization for validity.
- Using this form prevents future lien claims for payments already received.
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FAQ
An unconditional mechanic's lien waiver states the contractor has in fact been paid in full for the stated work. Write the name of the maker of the check in the space provided on the mechanic's lien release form. Fill in the amount of the payment. Write the name of contractor the payment is being made to.
The undersigned makes this Waiver specifically for the benefit of the Owner and the Owner's lender, and any other person or entity with a legal or equitable interest in the Property.
Signing an unconditional lien waiver is enforceable even before you get paid. This means that if you sign an unconditional lien waiver before receiving the money and the property owner ends up not paying up, you have already waived your lien rights because you signed the unconditional lien waiver.
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.
An unconditional release means that there are no restrictions on the release of the lien. This type of lien release is often used in final project documents to confirm that the project is complete, payment has occurred, and you release all future rights to file liens on the project.
It basically states that you've paid the subcontractor what is owed, they accept the payment in full, and they waive the right to put a lien on your property. Simply present this form to the subcontractor with your payment and ask them to sign it. Make sure you get their signature!
A lien waiver is quite common in the construction business. Essentially, it is a document from a contractor, subcontractor, supplier, or another party who holds a mechanic's lien that states they have been paid in full and waive future lien rights to the disputed property.
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 Final Payment" extinguishes all claimant rights upon receipt of the payment. A "Conditional Waiver and Release Upon Final Payment" extinguishes all claimant rights upon receipt of the final payment with certain provisions.
