Florida Contractor's Affidavit to Induce Lender to Release Funds - Final Payment

State:
Multi-State
Control #:
US-02484BG
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

When the contractor requests final payment, a Final Contractor's Affidavit must be submitted to the lender. The Final Contractor's Affidavit lists all money due to potential lienors that have not been paid. The lender will typically require affidavits from each potential lienor assuring that they have been paid before releasing the final draw amount to the contractor.

Free preview
  • Preview Contractor's Affidavit to Induce Lender to Release Funds - Final Payment
  • Preview Contractor's Affidavit to Induce Lender to Release Funds - Final Payment
  • Preview Contractor's Affidavit to Induce Lender to Release Funds - Final Payment

How to fill out Contractor's Affidavit To Induce Lender To Release Funds - Final Payment?

Are you currently in the situation where you require documents for either business or personal purposes every single day.

There are numerous legal document templates available online, but finding ones you can trust isn't easy.

US Legal Forms offers a vast array of template options, including the Florida Contractor's Affidavit to Induce Lender to Release Funds - Final Payment, which can be filled out to comply with state and federal requirements.

If you find the right form, simply click Buy now.

Select the pricing plan you prefer, complete the required information to finalize your payment, and complete the purchase using your PayPal or Visa or Mastercard. Choose a suitable paper format and download your copy. Access all of the document templates you have purchased in the My documents section. You can obtain another copy of the Florida Contractor's Affidavit to Induce Lender to Release Funds - Final Payment at any time if needed. Click on the desired form to download or print the document template. Utilize US Legal Forms, the most extensive collection of legal forms, to save time and avoid mistakes. The service provides properly created legal document templates that you can use for various purposes. Create an account on US Legal Forms and start making your life a bit simpler.

  1. If you are currently familiar with the US Legal Forms site and have an account, simply Log In.
  2. Then, you can download the Florida Contractor's Affidavit to Induce Lender to Release Funds - Final Payment template.
  3. If you do not have an account and wish to start using US Legal Forms, follow these steps.
  4. Locate the form you need and verify it is for the correct city/state.
  5. Use the Preview button to review the form.
  6. Read the description to ensure you have selected the correct form.
  7. If the form isn't what you're searching for, use the Search box to find a form that fits your requirements.

Form popularity

FAQ

AIA Document G706 is intended for use when the Contractor is required to provide a sworn statement verifying that debts and claims have been settled, except for those listed by the Contractor under EXCEPTIONS in the document. AIA Document G706 is typically executed as a condition of final payment.

A Conditional Contractors Lien Release Form is a legal document basically stating that arrangements have been made to pay the lien by issuing a payment to the lien holder. The lien against the property shall be released only upon the condition that the payment clears the lending or banking institution.

ACCORDING TO FLORIDA'S CONSTRUCTION LIEN LAW (SECTIONS 713.001-713.37, FLORIDA STATUTES), THOSE WHO WORK ON YOUR PROPERTY OR PROVIDE MATERIALS AND SERVICES AND ARE NOT PAID IN FULL HAVE A RIGHT TO ENFORCE THEIR CLAIM FOR PAYMENT AGAINST YOUR PROPERTY. THIS CLAIM IS KNOWN AS A CONSTRUCTION LIEN.

Florida lien law does require that a release of lien be filed once the construction lien claim has been resolved, and it is something that the property owner will demand. In many cases, a lien waiver, which the owner may call a lien release, is required prior to all payment, including the final payment.

This is a standard form for use when a surety company is involved and the owner/contractor agreement contains a clause whereby retainage is reduced during the course of the construction project.

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 Waiver and Release Upon Final Payment" extinguishes all claimant rights upon receipt of the payment.

How to fill out a Texas Conditional Waiver and Release on Final PaymentProject. Write the name of your project.Job No. Write your project number.Maker of check. Write the name of the person who issues the check.$ Write the amount found on the check.Payee(s) of check.Person with whom signer contracted.Owner.Location.More items...?

How to complete the Conditional Waiver and Release on Progress Payment formName of Claimant. The claimant is the party receiving the payment in other words, the one waiving their lien rights.Name of Customer.Job Location.Owner.Through Date.Maker of the Check.Amount of the Check.Check Payable To.More items...?

AIA Document G70621221994 requires the contractor to list any indebtedness or known claims in connection with the construction contract that have not been paid or otherwise satisfied.

AIA Document G702®1992, Application and Certificate for Payment, and G703A®1992, Continuation Sheet, provide convenient and complete forms on which the contractor can apply for payment and the architect can certify that payment is due.

Trusted and secure by over 3 million people of the world’s leading companies

Florida Contractor's Affidavit to Induce Lender to Release Funds - Final Payment