Products tagged with 'release of lien form'

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 Upon Progress Payment.

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.

Keep the progress payments coming by providing property owners with an Unconditional Waiver and Release of Lien for Alaska contractors.

This waiver allows contractors working on construction jobs in Alaska to release all lien rights and claims for payment against the property up to the date covered by the progress payment. By providing the owner with this waiver and release, contractors help ensure that property owners continue to make progress payments in a timely manner.

Purpose of the Waiver

Providing your lien waivers quickly encourages property owners to make their progress payments in a timely manner throughout the duration of a construction project. The document serves as a full and unconditional release for the specified time period, giving property owners the confidence that there are no outstanding claims or liens up to that date.

How to Obtain the Form

Simply click the "Add to Cart" button and proceed to checkout. Upon completing the purchase, the form will be downloaded to your device automatically.

Jurisdiction and Use

This document is intended exclusively for use within the State of Alaska. Contractors and property owners should avoid using this form outside Alaska, as other states have different laws and requirements regarding lien waivers and releases.

Once you receive final payment on a construction job, release your lien rights with this Alabama Conditional Lien Waiver and Release form.

This document should be used when a contractor receives the final payment for work completed on a construction project in Alabama. The waiver is conditional, meaning that lien rights are only released once the payment from the property owner has successfully cleared the bank.

Included Forms

In addition to the waiver and release form, this document file also includes a Notice of Completion form, to be signed by the owner / customer as documentation of the project's satisfactory completion.

Instructions for Use

This release form should only be executed if the contractor has received the final payment for the construction project, excluding any disputed amounts that may still be pending resolution. It is available in Microsoft Word format for ease of use, allowing contractors to download and reuse the form as needed.

Jurisdiction

The Conditional Lien Waiver and Release on Final Payment is intended exclusively for use within the State of Alabama. Contractors should not use this document outside of Alabama, as lien waiver and release laws can vary significantly from state to state.

The job is finished and you've received your final payment from the owner. Now it’s time to release your lien rights with this Alabama Unconditional Lien Waiver and Release on Final Payment.

This document serves as a comprehensive and irrevocable release of any lien rights or claims for payment that the contractor may hold against the owner's property.

Usage Guidelines

This form should be used only when the final payment has been made in full. It is not appropriate for progress payments.

Notice of Completion

The downloadable template comes with a Notice of Completion form to be signed by the owner / customer, to verify that the job has been satisfactory completed.

Format of Template

The template is available in Microsoft Word format, allowing for customization and ease of use. Buy the form once, use it as often as needed.

Jurisdiction

This form is designed exclusively for use within the State of Alabama. Contractors are advised not to use this document outside Alabama, as lien waiver and release laws differ significantly from state to state.