Pennsylvania Waiver of Lien by Corporation
Overview of this form
The Waiver of Lien by Corporation is a legal document used in Pennsylvania that allows contractors or subcontractors to waive their right to file a lien against a property. This form distinctly allows for the waiver of lien rights not only for the contractor but also for subcontractors, given the appropriate notice is provided. Unlike other forms that may require more extensive documentation, this waiver streamlines the process for contractors working on projects valued under one million dollars.
Key components of this form
- Identification details, including the name, company, and contact information of the contractor.
- A statement waiving the right to file a lien against the specified property.
- Confirmation that the total contract price is less than one million dollars.
- Provision regarding the binding nature of the waiver on subcontractors.
- Signatures of the corporate representative and any necessary notarization details.
Situations where this form applies
This form is typically used when a contractor or subcontractor is engaged in a project to improve, construct, or renovate property in Pennsylvania. It is particularly useful in cases where the property owner requires assurance that no liens will be filed against the property, creating a smoother transaction and relationship between parties, especially for contracts valued under one million dollars.
Who should use this form
- Contractors involved in construction, repair, or renovation projects in Pennsylvania.
- Subcontractors who wish to waive their lien rights under certain conditions.
- Property owners seeking to ensure that no liens will be filed on their property.
- Corporate entities engaged in providing labor or materials for such projects.
Completing this form step by step
- Identify the contractor or subcontractor's name, company, and contact details.
- Specify the property location with complete address and municipality information.
- Enter the total contract price, ensuring it is below one million dollars.
- Include any statements regarding subcontractors and their notice requirements.
- Sign the form as a corporate representative and provide any necessary notarization.
Does this form need to be notarized?
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to provide complete property location details.
- Not specifying the total contract price correctly.
- Overlooking the notice requirements for subcontractors.
- Neglecting to secure the necessary signatures and notarization.
Advantages of online completion
- Immediate access to the form allows for quick completion and submission.
- Easy editing features help customize the document to your specific needs.
- Reliable templates drafted by licensed attorneys ensure legal accuracy.
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FAQ
LIen waivers are not required to be notarized. The primary times that a document needs to be notarized is if it is going to be filed with the county recorder or it is an affidavit. There are some other documents that often use notarization, but lien waivers don't fall into any of those that "need to be notarized."
General contractors can waive lien rights for lower tier subcontractors by filing a Stipulation Against Liens on most residential projects and on all projects if the general contractor posts a payment bond.For all claimants, the Lien Claim must be filed in court within six months of the claimant's last work.
Name of Claimant. This is the name the party to be paid, and the party who will be signing the lien waiver document. Name of Customer. Job Location. Owner. Exceptions. Claimant's Signature. Claimant's Title. Date of Signature.
It basically states that you've paid the subcontractor what is owed, they accept the payment in full, and they waive the right to put a lien on your property. Simply present this form to the subcontractor with your payment and ask them to sign it. Make sure you get their signature!
This is a legal document where a contractor waives his common law right to hold control and possession over a property or resists to hand over the keys to the Bank when requested to do so, if he is not paid in full. Legal FAQ Guide.
Fill out the Pennsylvania mechanics lien form. Fill out the PA lien form completely and accurately. File your lien claim with the county recorder. Serve a copy of the lien on the property owner.
Bottom Line: Never Sign an Unconditional Lien Waiver Prior to Receiving Payment!If the lien waiver is the only proof the owner has as to whether a particular party has been paid, the owner must be able to rely on it in order for the lien waiver to accomplish its purpose.
A lien waiver is quite common in the construction business. Essentially, it is a document from a contractor, subcontractor, supplier, or another party who holds a mechanic's lien that states they have been paid in full and waive future lien rights to the disputed property.
