The affiant swears to the truth and accuracy of the statement contained in the affidavit. With this waiver, the lien claimant waives and releases any and all liens or claims against any labor and/or materials bond once final payment has been made.
If you skip submitting the Subcontractor Affidavit or Final Release of Claims, it could lead to payment disputes or even potential liens, complicating matters quite a bit.
Once you sign a Lien Waiver, it's pretty much set in stone, so it's crucial to be sure about your decision at that moment.
It's best to submit your Subcontractor Affidavit once you've received payment and before the final project lien is filed, keeping everything above board.
A Final Release of Claims is necessary to certify that all debts related to the project have been settled, giving peace of mind to the property owner that there won’t be any surprises.