New York Conditional Lien Waiver and Release on Progress Payment

New York 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).
• The form is 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 New York.

NY contractors, keep the construction project moving forward and your payments coming in with this set of New York Lien Waiver and Release forms.

These Lien Waiver and Release Forms allow contractors, suppliers and vendors to easily prepare releases each time a payment is received for labor, materials or equipment supplied to a construction job.

State Law Governing Lien Waivers

New York law does not specify a statutory form for lien waivers. Both conditional and unconditional lien waivers are allowed, however, unconditional waivers must only be exchanged after payment, to protect contractors, subs and suppliers.

State law prohibits a party waiving its lien rights in the contract. Additionally, a party cannot waive lien rights prior to receiving payment, unless the lien is subordinated.

What is Included in the Package

This package contains the following forms which allow you to partially or fully release your lien claim against an owner's property, as payment is received:

• Conditional Waiver and Release of Lien Upon Progress Payment,
• Unconditional Waiver and Release of Lien Upon Progress Payment,
• Conditional Waiver and Release of Lien Upon Final Payment, and
• Unconditional Waiver and Release of Lien Upon Final Payment.

Format and Jurisdiction

Save money by buying the package of forms instead of purchasing them individually. These MS Word documents are customizable and reusable so they can be used on all your work projects.

The New York Lien Waiver and Release Forms are prepared in accordance with State laws and should only be used on projects within New York State.

New York subcontractors, waive your lien rights with this Affidavit, Final Waiver of Claims and Liens, and Release of Rights form.

• In exchange for final payment owing under the contract, the subcontractor / lienor acknowledges payment in full and releases the owner and the contractor from all claims and liens with respect to the improvements on the property that the subcontractor provided labor or materials to.
• The subcontractor releases all of its claims and rights with respect to the contract and the project.
• The subcontractor also indemnifies and holds the owner and the contractor harmless against any losses or expenses if a laborer, supplier or subcontractor of the lienor should claim a lien or lien right.
• The form includes a copy of the 2024 New York Laws, Article 2, s. 34, for reference.
• Available in MS Word format. Fully editable and reusable.
• For use only in the State of New York.