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 serves to confirm the completion of a construction project. This affidavit is completed by the general contractor and the property owner to affirm that all outstanding invoices have been settled, and that there are no existing liens on the property related to the project. It helps to protect all parties involved, including lenders and escrow agents, by ensuring that the property is free from any financial claims or liens resulting from the construction work.
Key parts of this document
- Owner and contractor identification sections.
- Property details and project completion date.
- Affirmation that all charges and costs have been paid in full.
- Disclosure of any known lienable claims against the property.
- Indemnification clause protecting the escrow agent from potential claims.
Common use cases
This affidavit should be used once a construction project is fully completed. It is particularly useful when the owner wants to ensure that the property is free of liens before proceeding with a sale or refinancing. The affidavit helps assure lenders and title insurance companies that there are no outstanding financial obligations related to the project.
Who can use this document
- General contractors who have completed construction projects.
- Property owners looking to confirm the completion of construction work.
- Lenders and escrow agents involved in the financing process of the property.
Instructions for completing this form
- Identify the parties involved, including the owner, general contractor, and escrow agent.
- Specify the property details, including the address and description.
- Enter the project completion date.
- Confirm that all invoices have been paid and state any known lienable claims, if applicable.
- Sign and date the affidavit in the presence of a notary public as required.
Is notarization required?
Yes, this form must be notarized to be legally valid. Notarization ensures that the signatures are verified and the document is authenticated. US Legal Forms offers integrated online notarization services, allowing you to complete this step securely through a video call, available 24/7.
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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.
Typical mistakes to avoid
- Failing to complete all sections of the form.
- Not providing the correct property identification details.
- Omitting required signatures from both the contractor and the owner.
- Incorrectly stating the project completion date.
Summary of main points
- The General Contractor's Affidavit of Completion and Release confirms the completion of a project and the payment of all dues.
- This form protects all parties by ensuring no outstanding claims or liens exist on the property.
- It is essential for property owners and contractors to avoid potential legal issues regarding liens after construction.
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FAQ
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.
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.
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.
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.
