This Unconditional Waiver and Release Upon Final Payment is for use by an individual who has been paid in full for all work, materials and equipment furnished to his or her customer for the described property to waive and release any notice of lien, any private bond right, any claim for payment and any rights under any similar ordinance, rule or statute related to payment rights that he or she has on the property, except for the payment of disputed claims, if any. The lien claimant warrants that he or she either has already paid or will use the money he or she receives from this final payment promptly to pay in full all his or her laborers, subcontractors, materialmen and suppliers for all work, materials and equipment that are the subject of this waiver and release.
Nevada Unconditional Waiver and Release Upon Final Payment - Individual
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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 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.
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 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.
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.
1Name of Claimant. This is the name the party to be paid, and the party who will be signing the lien waiver document.2Name of Customer.3Job Location.4Owner.5Exceptions.6Claimant's Signature.7Claimant's Title.8Date of Signature.