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.
Forgetting to get a signed affidavit or lien waiver can lead to headaches, like potential claims from subcontractors or suppliers later on. It's always best to tie up those loose ends to avoid future messes!
Usually, if a subcontractor has signed a lien waiver after receiving payment, they can't file a lien for that work. It's like closing the door—once it's shut, it’s generally not opened again without a good reason!
Yes, there are specific deadlines for these documents, usually tied to the construction schedule and payment dates. It's like keeping up with a dance; if you miss a step, things can get out of sync!