Wisconsin General Contractor's Affidavit of Completion and Release
Overview of this form
The General Contractor's Affidavit of Completion and Release is a legal document that certifies a contractor has completed all work and paid for all materials and labor involved in a construction project. This affidavit ensures that the property is free from any lien claims, which protects the property owner and lender from future disputes regarding payment for services rendered. Unlike other construction documents, this affidavit includes a warranty of completeness and releases all lien rights, making it essential in confirming the project's satisfactory completion.
Main sections of this form
- Identification of parties involved: Owner, Property, Lender, General Contractor, and Escrow Agent.
- Detailed description of the project, including completion date and payment status.
- A statement confirming the property is free from lienable claims.
- A release of lien rights for all parties involved in the project.
- Indemnification clause protecting the Escrow Agent from potential claims.
- Signature and notary acknowledgment for legal validation.
Common use cases
This form should be used once a construction project is fully completed and all payments have been settled. It is vital when transferring property interests, securing financing, or finalizing the sale of a property. By completing this affidavit, the general contractor provides assurance to the property owner and lender that no unforeseen debts exist related to the construction work, which can help facilitate a smoother closing process in property transactions.
Who should use this form
- General contractors who have completed a construction project.
- Property owners seeking to confirm that their property is lien-free.
- Lending institutions or escrow agents involved in property transactions.
- Subcontractors and suppliers who have provided services or materials and want to establish release of lien rights.
How to prepare this document
- Identify and list all the parties involved: the Property Owner, Lender, General Contractor, and Escrow Agent.
- Provide a clear description of the property and the construction project details.
- Enter the completion date of the project and confirm that all payments have been made.
- State that the property is free of any lienable claims, adding exceptions if applicable.
- Sign the form in the presence of a notary public to validate the affidavit.
Is notarization required?
Yes, this form must be notarized to be legally valid. The presence of a notary public ensures that the signatures are authenticated and that the affidavit can be used as evidence in a court of law if necessary. US Legal Forms offers integrated online notarization services for your convenience, allowing you to complete this process securely and efficiently from anywhere.
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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.
Common mistakes
- Failing to include all relevant parties in the identification section.
- Not specifying the completion date or payment status accurately.
- Neglecting to notarize the form, which may lead to enforceability issues.
- Forgetting to include any exceptions to lien claims if applicable.
Benefits of completing this form online
- Convenience of downloading and completing from any location.
- Editable templates ensure that all necessary information is accurately filled out.
- Access to attorney-drafted forms provides peace of mind regarding legal validity.
- Quick compliance with state-specific requirements enhances reliability.
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FAQ
About G706-1994. What it is. Document G706??1994 requires the contractor to list any indebtedness or known claims in connection with the construction contract that have not been paid or otherwise satisfied.
I declare that, to the best of my knowledge and belief, the information herein is true and complete. I understand this statement is made for use as evidence in court and is subject to penalty for perjury.
How to Write a Sworn Statement The name, age, occupation, and address of the declarant. A detailed account of the incident or events being recited. An endorsement paragraph stating that the sworn statement is true and subject to a penalty of perjury. The signature of the declarant. The date on which the document was created.
Provider Certification: I, the undersigned, certify under penalty of perjury that I/my organization received payment by means of the check(s) identified on the Payment Detail Table or Payment Detail Spreadsheet, in the amount stated for the specified invoices from the identified payor.
The purpose of a sworn statement is to track the payments being made to contractors and suppliers and to protect the owner from unexpected liens or claims.
