Iowa Conditional Lien Waiver and Release - Final Payment

Iowa contractors, release your lien rights up to the date of a progress payment with this Conditional Lien Waiver and Release form.

This Conditional Waiver and Release form is designed specifically for contractors operating in the State of Iowa. It contains the statutory language set out in State law.

Purpose of the Waiver and Release

The document authorizes the release of any lien rights or claims for payment that a contractor may have for labor, materials, or equipment supplied to improve a property. The release applies only up to the date of payment indicated in the form, allowing contractors to maintain their rights for any unpaid amounts outside that period.

Conditional Nature of the Waiver

The waiver of lien rights is strictly conditional. The contractor’s rights are waived only if and when the progress payment from the customer has been successfully processed and cleared by the bank. This condition ensures that contractors are protected from waiving their rights before receiving actual payment.

Form Details

This template is provided in Microsoft Word format, allowing users to customize and reuse it as needed for multiple projects. It is intended for convenience and flexibility in managing your paperwork during the course of a construction project.

Jurisdictional Limitations

This Waiver and Release form is intended solely for use within the State of Iowa. Due to significant differences in lien waiver and release laws in other states, this form is not suitable for use outside Iowa. Users should consult local regulations if working in other jurisdictions.

Iowa contractors, release your lien rights after receipt of final payment on a construction project with this Unconditional Waiver and Release of Lien form.

This comprehensive form ensures that, upon receipt of full payment for labor and materials supplied to the job, the contractor then relinquishes any existing or potential lien rights or claims against the owner's property.

Purpose and Use

The primary function of this Waiver and Release is to authorize the complete release of any lien rights or payment claims held by the contractor. Its execution confirms that the contractor has received final payment in full, thereby notifying all parties involved that no further claims will be made for the project, except for any amounts currently under dispute.

Notice of Completion

This package also contains a Notice of Completion form, to be completed and signed by the property owner to indicate satisfactory completion of the project.

Instructions for Use

• This release form should only be utilized once the contractor has received the final payment for the construction project, with the exception of any disputed amounts.
• The template is provided as a reusable download. Once purchased, you may use the form as often as needed for future projects.

Jurisdiction

This Waiver and Release form is intended exclusively for use within the State of Iowa. Because lien waiver and release laws vary significantly from state to state, this form may not be valid or appropriate for use outside of Iowa. If you are working in a different jurisdiction, it is essential to consult local regulations and requirements before using a waiver or release form.