This affidavit form is used to partially waive or release a lien, right to claim of lien or claim on any bond for labor, material, or services provided in consideration of payment made by the party receiving the services.
While it’s not always necessary, having a lawyer take a look can provide peace of mind. Think of it like having a second set of eyes; it can help catch any hiccups before they become a headache.
Usually, the subcontractor who performed the work will sign the affidavit. It’s their way of saying, 'I’ve wrapped things up and now I can move on.'
If you skip these documents, you might risk facing claims or liens against your property later on. It’s like playing with fire, you don’t want to get burned!
You should use these documents during payments or when a contractor completes their work. It’s important to get them signed to keep things above board and smooth sailing.
A Lien Waiver is a legal document where a contractor or subcontractor waives their right to file a lien against the property they worked on. In simpler terms, it’s like a promise that 'I won’t put a claim on your property for unpaid work.'
A Partial Release of Claims is used to assure that the subcontractor won’t come back later to ask for payment for the work covered by the document. Think of it like saying, 'I won’t ask for more once I get this check.'