Nevada Conditional Lien Waiver and Release on Final Payment
Nevada contractors, release your lien rights after receipt of final payment on a project with this Conditional Waiver and Release of Lien form.
This document is specifically designed for use when the contractor receives final payment for work and materials supplied on a construction project.
Purpose and Function
The primary function of this waiver and release is to authorize the release of any lien rights or claims for payment that the contractor may have against the owner's property. However, this release is conditional: it becomes effective only after the final payment from the customer has cleared the bank. This ensures that contractors are protected until they actually receive their funds.
Notice of Completion
Included with the waiver is a Notice of Completion form. This notice is confirmation by the owner / customer that the project has been completed.
Instructions for Use
Contractors should use this release form only after receiving the final payment, with the exception of any amounts that are in dispute. The document is available in Microsoft Word format, making it easy to fill out and use.
Jurisdiction
This document is intended solely for use within the State of Nevada. Because lien laws vary between states, it should not be used for projects located outside of Nevada.
Nevada Conditional Lien Waiver and Release Upon Progress Payment
Nevada contractors, release your lien rights up to the date of a progress payment with this Conditional Waiver and Release of Lien form.
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, ON THE CONDITION that the progress payment from the Customer clears the bank.
Purpose and Function
The primary function of this waiver and release is to authorize the release of any lien rights or claims for payment that the contractor may have against the owner's property, up to the date of the progress payment. However, this release is conditional: it becomes effective only after the progress payment has cleared the bank. This ensures that contractors, subtrades and suppliers are protected until they actually receive the funds.
Instructions for Use
You should use this release form only after the progress payment actually clears. The document is available in Microsoft Word format, making it easy to fill out and use.
Jurisdiction
This document is intended solely for use within the State of Nevada. Because lien laws vary between states, it should not be used for projects located outside of Nevada.
