Alaska Waiver of Lien - Individual

State:
Alaska
Control #:
AK-21-09
Format:
Word; 
Rich Text
Instant download

Description

This Waiver of Lien is for use by an individual who has claimed a lien for labor, materials, services, or equipment provided for the improvement of property to waive and release any right to a mechanic's lien relating to such labor, materials, services, or equipment as he or she has been paid in full for all labor, materials, services, or equipment furnished to the jobsite or to the person with whom he or she contracted.
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FAQ

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.

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.

LIen waivers are not required to be notarized. The primary times that a document needs to be notarized is if it is going to be filed with the county recorder or it is an affidavit. There are some other documents that often use notarization, but lien...

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.

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.

Lien waivers that are given after payment is received and which generally cover payments received in a prior pay period are considered trailing lien waivers.Lien waiv- ers are typically provided with each requisition during the course of the project and at final completion of the project.

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.

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Alaska Waiver of Lien - Individual