Products tagged with 'colorado lien form'

Waive your lien rights up to the date of a progress payment with this Colorado Subcontractor Conditional Lien Waiver and Release on Progress Payment.

This document serves as a conditional waiver and release of lien rights for subcontractors in the State of Colorado. It is specifically designed to address lien rights up to the date of a progress payment.

The form enables subcontractors to relinquish mechanics' lien, bond rights, or claims for payment against the owner's property for labor and materials up to the date specified in the Waiver and Release form.

Effectiveness of the Waiver

The waiver and release become effective only when the progress payment has successfully cleared the bank. This ensures that the subcontractor's rights are not relinquished until payment is verified.

Third-Party Payment Verification

Included within the form is a statement confirming that all third parties involved have either been paid or will be paid as a result of the progress payment. This provides additional assurance to the owner regarding the settlement of all outstanding claims.

Format and Availability

The document is available in Microsoft Word format, making it convenient for editing and customization to suit specific project requirements. It is a reusable form as well – pay once, use as often as you need to.

Jurisdiction

This document is intended exclusively for use within the State of Colorado. It may not be suitable for projects outside this jurisdiction, as lien laws differ from state to state.

Colorado subcontractors, after receiving final payment for work and materials on a construction project, release your lien rights with Conditional Lien Waiver and Release form.

This document is essential for ensuring that the subcontractor formally releases any claims to a mechanics' lien, bond right, or payment on the owner's property, except for retentions.

Effective Date of Release

The waiver and release only become effective once the payment has cleared the bank. Until this condition is met, the document does not take effect, protecting the subcontractor's interests in case of payment issues.

Scope of Release

The release does not impact the subcontractor’s rights to recover compensation for any amounts or claims not covered by the final payment. This ensures that subcontractors retain the ability to seek payment for outstanding balances or unresolved issues.

Verification of Third-Party Payments

The form includes a statement verifying that all third parties have been or will be paid by the subcontractor. This verification is a critical legal requirement for lien waiver documentation.

Form Availability and Usage

The form is available in MS Word template for easy customization. After purchase, it can be downloaded for use, and then reused as often as needed, providing convenience and flexibility for subcontractors.

Jurisdiction

This document is designed exclusively for use within the State of Colorado. Because lien laws vary from state to state, it may not be suitable for projects located outside of Colorado.

Colorado contractors, release your lien rights after receipt of final payment on a project with this Conditional Waiver and Release of Lien Upon Final Payment.

• The Waiver and Release authorizes a release of any lien rights or claims for payment which the contractor may have against the owner's property ON THE CONDITION that the final payment from the Customer clears the bank.
• The document also includes a Notice of Completion form.
• This release form should only be used if the contractor has received final payment (except for any disputed amounts).
• Available in MS Word format. Pay for the form once, and it's yours to use as often as you require.
• Intended to be used only in the State of Colorado.

Release your lien rights up to the date of a progress payment with this Colorado 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 given on the condition that the progress payment from the Customer clears the bank.
• This is a reusable lien release form. Buy the form once, and it's yours to use as often as you require.
• Intended for use only in the State of Colorado.

Colorado contractors, release your lien rights after receipt of final payment on a construction project with this Unconditional Waiver and Release of Lien Upon Final Payment.

• The Waiver and Release authorizes a release of any lien rights or claims for payment which the contractor may have against the owner's property, and indicates that final payment has been made in full.
• A Notice of Completion form is included.
• This release form should only be used when the contractor has received final payment (except for any disputed amounts).
• Available in MS Word format. Downloadable and reusable.
• Intended to be used only in the State of Colorado.

Release your lien rights up to the date of a progress payment with this Colorado Unconditional Waiver and Release of Lien Upon Progress Payment.

• The Waiver and Release authorizes a full and complete release of any lien rights or claims for payment which the contractor may have against the owner's property, upon payment of a progress payment by or on behalf of the property owner.
• This is a reusable lien release form. Buy it, download it, use it as often as you require.
• Provided in MS Word format.
• Intended to be used only in the State of Colorado.