This Conditional Waiver and Release of Lien Upon Final Payment form is for use by a corporateor LLC lienor to waive and release its lien and right to claim a lien for labor, services or materials furnished in consideration of final payment. This waiver is conditional upon the lienor receiving final payment for its work, and if funds are not received, the waiver is void.
Miami Gardens Florida Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LLC is a legal document used in construction projects in Miami Gardens, Florida. This waiver and release of lien is specific to corporations and limited liability companies (LCS) involved in construction projects in the city. The purpose of this conditional waiver is to release any potential liens placed on a property or project by the corporation or LLC upon receiving final payment for their services or materials provided. It serves as an agreement between the mayor and the corporation or LLC, ensuring that the mayor is protected from any future claims or liens related to the project. In Miami Gardens, there may be different types of conditional waivers and releases of lien upon final payment for corporations and LCS. These variations can include: 1. Partial conditional waiver and release of lien upon progress payment — This type of waiver is used when the corporation or LLC receives partial payment for the services or materials delivered. It releases the rights to file a lien for the amount covered by the payment received. 2. Final conditional waiver and release of lien upon final payment — This waiver is used when the corporation or LLC receives the final payment for their work or materials. It releases any remaining rights to file a lien against the property or project. 3. Conditional waiver and release of lien upon final payment with exceptions — This type of waiver includes specific exceptions or carve-outs that protect the corporation or LLC's rights for certain claims or amounts. It ensures that the waiver only applies to the agreed-upon payment and not to any unresolved issues or disputes. It is crucial for corporations and LCS involved in construction projects in Miami Gardens to understand the specific type of waiver and release of lien they are using. By using the appropriate document, they can protect their rights while still providing the necessary assurances to the mayor that the payment received clears any potential liens. Always consult with an attorney or legal professional to ensure compliance with local laws and requirements when drafting or using Miami Gardens Florida Conditional Waiver and Release of Lien Upon Final Payment for a corporation or LLC.
