Virginia Conditional Waiver and Release of Lien Upon Progress Payment

Virginia contractors, release your lien rights up to the date of a progress payment with this Conditional Waiver and Release of Lien Upon Progress Payment.

• The Waiver and Release authorizes a release of any lien rights or claims for payment which the contractor may have for labor, materials or equipment supplied for improvements to a property only for the period specified in the release.
• The release is conditional - it is given on the condition that the progress payment from the Customer clears the bank.