Products tagged with 'release of lien form'

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.

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

When to Use the Waiver and Release Form

This document is specifically designed for use when the lien claimant 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 a full and complete release of any lien rights or claims for payment that the contractor may have against the owner's property, and indicates that final payment has been made in full.

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

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

The Waiver and Release authorizes an unconditional 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.

Purpose and Function

The primary function of this waiver and release is to authorize the unconditional release of any lien rights or claims for payment that the claimant may have against the owner's property, up to the date of the progress payment.

When to Use the Waiver and Release 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.

Issue a lien release to a property owner after you receive payment in full on a construction project with this Conditional Waiver and Release of Lien form for Alaska contractors.

The form provides a legal mechanism for contractors and suppliers to release their lien claims on a property after receiving full payment for labor, materials, and equipment furnished for improvements. The release is conditional, and only becomes effective once the final payment has cleared the bank.

Key Features

• Full Release Upon Payment: The form allows contractors and suppliers to issue a complete release of their lien claims, ensuring that all obligations are satisfied once payment is confirmed.
• Notice of Completion Included: The template contains a Notice of Completion form, to be signed by the owner / customer to verify the satisfactory completion of the construction project.
• Final Payment Only: This waiver and release should be used exclusively for final payments. It is not suitable for use with progress payments during the course of the project.
• Reusable Template: After purchasing the form, users may utilize it as many times as needed without ever having to buy preprinted forms again.

Jurisdiction

This document is intended solely for use within the State of Alaska. Do not use this form for construction projects in other states, as their lien laws may vary.

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

Lien Rights

According to the Alaska Mechanics Lien Statute, contractors who provide labor, materials, or equipment for a construction project are granted a lien right on the property where the work has been performed. This legal protection ensures that contractors have a security interest in the property until they are compensated for their contributions.

Release of Lien Rights Upon Payment

Once a property owner issues a progress payment to the contractor for improvements made, it becomes the contractor’s responsibility to release their lien rights for the period covered by the payment. The release applies only up to the date of the payment, reflecting the work that has been compensated.

Conditional Nature of the Waiver

This waiver is conditional, meaning it does not become effective until the contractor actually receives the progress payment. Until the payment is confirmed, the lien rights remain in place.

Document Format

The Alaska Conditional Waiver and Release of Lien Upon Progress Payment is available in MS Word format for convenience and ease of use. Purchase the form once, use it over and over on all of your projects.

Jurisdiction

It is intended that this document be used only within the State of Alaska. Using this form outside Alaska is not recommended, as other states may have different lien laws and requirements.

Release your lien rights after final payment on a construction job with this Unconditional Waiver and Release form for Alaska contractors.

When to Use This Form

The release is unconditional. Use this form only after all payments due on the construction job have been received and verified. Do not use this form for progress payments or partial payments.

Instructions for Completing and Delivering the Form

1. Confirm that the final payment has cleared the bank before preparing the waiver and release.
2. Complete the form accurately, reflecting the final payment details.
3. Provide the completed release form to the property owner to officially relinquish your lien rights.

Important Considerations

• This release does not affect any disputed amounts or holdbacks. Only undisputed, cleared payments are covered by the waiver.
• Because the waiver is full and unconditional, ensure that all checks have cleared before signing and delivering the form.
• This form is available as a digital download in MS Word format, allowing you to re-use it as often as your business requires.
• The form is intended for use exclusively in the State of Alaska.