Tennessee Conditional Waiver and Release of Lien Upon Progress Payment
Do you get paid monthly on your construction projects, or do you have to request a draw for each progress payment? Whatever your payment schedule is, use this template to prepare your interim Conditional Waiver and Release for each payment period.
- The release only comes into effect on the condition that the payment is honored by the bank on which it is drawn.
- The contractor is responsible for paying all laborers, subcontractors, vendors and suppliers for services and materials provided up to the date of the release.
- The release does not affect retentions, extras or disputed amounts.
- Intended for use only in the State of Tennessee.
Pre-printed release forms keep costing you money every time you restock. Download the Conditional Waiver and Release of Lien, use it whenever you need to.
Last Updated: 07-May-2021