Alaska Conditional Waiver and Release of Lien - Progress Payment

Release your lien rights for the period up to the date of a progress payment with this Alaska Conditional Waiver and Release of Lien Upon Progress Payment.

• The Alaska Mechanics Lien Statute gives contractors who furnish labor, materials or equipment to a construction project a lien right over the property on which the work has been done.
• When the property owner makes a payment to the contractor for the improvements, it is up to the contractor to then release its lien rights up to the date of payment.
• This is a conditional lien waiver and release which does not become effective unless and until the progress payment is actually received.
• Available in MS Word format.
• For use only in the State of Alaska.