This Receipt and Waiver of Mechanics Lien Rights form is for use to acknowledge receipt of a sum of money as partial payment for labor, skill and material furnished, as payment for all labor, skill and material furnished except a certain sum for retainage or holdback, or as full and final payment for all labor, skill and material furnished or to be furnished to particular real property. This form serves as a waiver of all rights acquired to file or record a mechanic's lien against the property for labor, skill or material furnished to such property and sets forth that all material furnished has been paid for and all subcontractors employed have been paid in full except for particular persons listed in the form.
Minnesota Receipt And Waiver of Mechanics Lien Rights CBCBC Form 40.5.1 is a document used by individuals and businesses in the state of Minnesota to provide proof of payment for construction work or services. It is used to waive the right to file a mechanics lien against the property in order to secure payment. This form can be used by contractors, subcontractors, laborers, suppliers, and material men who have performed work or provided materials for a project. It outlines the details of the payment, including the amount paid, the date of payment, the name of the payee, and the name of the party receiving the payment. There are two types of Minnesota Receipt And Waiver of Mechanics Lien Rights CBCBC Form 40.5.1: (1) Waiver of Lien Rights — This form is used to waive the right to file a mechanics lien against the property for any unpaid amounts due. This is a unilateral form and does not require the signature of the owner or other parties. (2) Waiver and Release of Lien Rights — This form is used to waive and release the right to file a mechanics lien against the property for any unpaid amounts due. This form requires the signature of all parties involved, including the owner of the property.
