Massachusetts Contractor Partial Waiver and Subordination of Lien
Want to keep those progress payments coming in on your construction projects? Give the property owner this Massachusetts Partial Waiver and Subordination of Lien form with each application for payment.
- The waiver allows a general contractor to release and relinquish its lien rights and claims up to a specified payment date, except for retainage, pending change orders and disputed claims.
- The contractor's lien rights with respect to change orders and disputed claims are subordinated to the extent of the advances made by the lender / mortgagee for a period of 25 days following the payment period.
Download the Massachusetts Contractor Partial Waiver and Subordination of Lien form immediately after purchase and use it with every progress payment application. Save time and money.
Last Updated: 14-April-2016