Maryland Unconditional Waiver and Release Upon Progress Payment - Individual
Understanding this form
The Unconditional Waiver and Release Upon Progress Payment form is a crucial legal document used by individuals in the construction industry. It allows a lienor to waive their right to claim a lien in exchange for a specified sum of money received as a progress payment. This form differentiates itself by providing an unconditional release, meaning the lienor cannot later claim a lien for any labor, services, or materials supplied up to the date referenced in the form.
Key components of this form
- Date of the waiver and release.
- Specific payment amount received.
- Description of labor, services, or materials provided.
- Name of the customer and property owner.
- Description of the property related to the lien.
- Signature of the lien holder and notary acknowledgment.
When to use this document
This form is used when an individual performs work or supplies materials for a construction project and receives a progress payment. It is important to submit this waiver when the payment is made to ensure that the right to claim a lien is waived for the work performed up to that point. This protects the property owner from future claims related to the same work.
Who should use this form
- Individuals who provide labor or materials in construction projects.
- Contractors looking to receive progress payments without future lien claims.
- Subcontractors who need to provide an unconditional waiver for payments received.
- Suppliers of materials who want to clear their lien rights upon receiving payment.
Steps to complete this form
- Identify the date when the waiver is executed.
- Enter the amount received as a progress payment.
- Specify the labor, services, or materials provided, along with the date range for which the waiver applies.
- Fill in the names of the customer and property owner.
- Provide a detailed description of the property involved.
- Sign the document and have it notarized to validate the waiver.
Is notarization required?
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
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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.
Avoid these common issues
- Failing to include the specific date of the waiver.
- Neglecting to describe the work or materials accurately.
- Not obtaining notarization if it is required by state law.
- Leaving out signatures from either the lienor or the notary public.
Benefits of completing this form online
- Convenience of completing the form from anywhere with internet access.
- Editable templates that allow users to input specific information easily.
- Access to templates drafted by licensed attorneys, ensuring legal soundness.
- Quick access to updates or changes in legal requirements.
Quick recap
- The Unconditional Waiver and Release Upon Progress Payment provides a clear legal way to waive lien rights for progress payments.
- Accurate completion of this form helps protect both the lienor and property owner from future claims.
- Notarization is a crucial step in ensuring the legal validity of the waiver.
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FAQ
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.
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.
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.
Conditional lien waivers are provided by contractors or suppliers before they've been paid. The key language to look for in these documents is upon payment of an amount, the vendor releases their right to file a lien on the work provided up until a certain date.
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.
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.
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 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.