The Oregon Interim Lien — Claim Waiver is a legal document that is used to waive lien rights on personal property. It is commonly used in Oregon when a borrower or lien holder wants to transfer ownership of the property without having to resolve any outstanding liens or claims. The waiver prevents any lien holder from having a lien on the property. There are two types of Oregon Interim Lien — Claim Waiver: a unilateral waiver and an enhanced waiver. The unilateral waiver applies when only one party agrees to waive their lien rights, while the enhanced waiver applies when both parties agree to waive their lien rights. Both waivers must be signed by the borrower, lien holder, and any other party with a financial interest in the property.
Oregon Interim Lien - Claim Waiver
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Description
This form is a Waiver and Release of a Lien by a Contractor. A contractor waives and releases its lien and right to claim a lien for labor, services, or materials on a construction project described in the document. The form must be signed in the presence of a notary public. The contractor has the option of making this release conditional or unconditional based upon receipt of funds.
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FAQ
1. Submit the Oregon Notice of Right to Lien Form Name of the property owner and complete mailing address of the property. Your full name and address. Name of the person who hired you to contribute to the construction project. Date you mailed the Right to Lien / Intent to Lien form.
You must provide the owner a Notice of Filing Lien Claim within 20 days of recording the lien. ORS 87.039. You must deliver this notice in person or mail by registered or certified mail.
About Oregon Final Unconditional Lien Waiver Form This or final unconditional waiver (also called a final unconditional lien release) should be used when the final payment for a project has been made and received by the party that furnished labor or materials.
How to complete the Conditional Waiver and Release on Progress Payment form Name 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.
The deadline to file a lien in Oregon is the earlier of 75 days after the claimant's last furnishing of labor and/or materials or 75 days after the completion of the project.
Does Oregon require a specific statutory lien waiver form? No, Oregon does not provide or require statutory forms for lien waivers.
The document you must file to release a mechanic's lien in Oregon is known as a satisfaction of lien form. Once you have received payment from the customer, you must complete and file an Oregon satisfaction of lien form to release a mechanic's lien in Oregon (also known as a construction lien).