This Waiver And Release Of Lien Upon Progress Payment form is for use by a corporate or LLC lienor to waive and release its lien and right to claim a lien for labor, services or materials furnished through a specific date to a customer on the job of the owner of property.
Miami Gardens Florida Waiver And Release Of Lien Upon Progress Payment Form Constructionio— - Mechanic Liens - Corporation or LLC is a legal document that serves to protect the rights and interests of corporations and LCS involved in construction projects in Miami Gardens, Florida. This waiver and release form is specifically designed to be used in situations where progress payments are made during a construction project. It allows corporations and LCS to waive their rights to file a mechanic's lien against a property owner if the agreed-upon progress payment has been made. By signing this waiver and release of lien form, corporations and LCS acknowledge that they have received the payment and confirm that they have no further claims or rights to place a lien on the property. This form provides legal protection for both parties involved. Different types of Miami Gardens Florida Waiver And Release Of Lien Upon Progress Payment Form Constructionio— - Mechanic Liens - Corporation or LLC can include: 1. Partial Waiver and Release of Lien upon Progress Payment: This form is used when a partial payment is made during the construction project. It releases the lien rights for the amount received while retaining the lien rights for the remaining amount unpaid. 2. Final Waiver and Release of Lien upon Progress Payment: This form is utilized when the final payment for the completed project is made. It releases all rights to file a mechanic's lien and signifies the completion of the project. 3. Conditional Waiver and Release of Lien upon Progress Payment: This form is employed when a progress payment is made, but there might be some conditions attached to the payment, such as the payment being cleared by the bank or certification of work being approved by an inspector. It releases the lien rights conditionally, subject to the satisfaction of the specified conditions. 4. Unconditional Waiver and Release of Lien upon Progress Payment: This form is used when a progress payment is made, without any conditions attached. It releases the lien rights unconditionally, once the payment is received. It is crucial for corporations and LCS engaged in construction projects in Miami Gardens, Florida, to understand and utilize these waiver and release forms appropriately. By doing so, they can protect their interests, ensure timely payments, and avoid potential legal complications in relation to mechanic's liens.
