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 not every project requires them, using Subcontractor Affidavits and Lien Waivers is highly recommended. They help maintain transparency and prevent disputes, so it’s usually a smart move.
Filling out the Subcontractor Affidavit is pretty straightforward. You provide your details, the project specifics, and confirm payments. Just make sure you’re honest and accurate to avoid any headaches later.
A Partial Release of Claims is used to release a portion of your rights to claim against the property for unpaid work. It’s like saying, 'I’m satisfied with this amount, and I won’t come after you for this part of the job.'