Construction Lien Waiver
I. Introduction
This Construction Lien Waiver Template provided by [YOUR COMPANY NAME] is designed to simplify the paperwork and enhance the efficiency of payment processes in the construction industry. As a customizable and editable tool, it streamlines transactions and ensures accurate documentation using our AI Editor Tool.
II. Definitions
"Lien Waiver" refers to the legal document through which a contractor, subcontractor, supplier, or other party receiving payment waives future lien rights against the property related to the payment.
III. Parties Involved
The undersigned parties to this lien waiver are:
Contractor: [CONTRACTOR'S FULL NAME]
Property Owner: [PROPERTY OWNER'S FULL NAME]
Project Description: [DESCRIPTION OF PROJECT]
Location of Construction: [PROJECT ADDRESS]
IV. Payment Details
The following details outline the payment for which the lien will be waived:
Date of Payment: [DATE OF PAYMENT]
Payment Amount: [$ PAYMENT AMOUNT]
Description of Labor or Materials Provided: [DESCRIPTION OF PROVIDED SERVICES OR MATERIALS]
V. Waiver of Claims
By signing this document, [CONTRACTOR'S FULL NAME] waives and releases any and all liens and claims for payment against [PROPERTY OWNER'S FULL NAME]'s property located at [PROJECT ADDRESS] that are related to the specified payment and services provided.
VI. Conditional Clause
This waiver is conditional upon the receipt and clearing of the specified payment amount and will only take effect upon such confirmation.
VII. Legal Acknowledgment
[CONTRACTOR'S FULL NAME] acknowledges that they are signing this waiver voluntarily and after having the opportunity to consult legal counsel. This waiver forms a legally binding contract, enforced and interpreted in accordance with the laws of the state where the property is located.
VIII. Signatures
Each party affirms that all information enclosed in this document is accurate, voluntarily offered, and that they agree to the terms of this Waiver as set forth:
CONTRACTOR SIGNATURE
[CONTRACTOR'S FULL NAME]
[DATE]
PROPERTY OWNER SIGNATURE
[PROPERTY OWNER'S FULL NAME]
[DATE]
WITNESS SIGNATURE
[WITNESS'S FULL NAME]
[DATE]
VIII. Notary Acknowledgment (if required)
State of [STATE]
County of [COUNTRY]
On this [DATE] day of [YEAR]20, before me, the undersigned notary public, personally appeared [CLAIMANT NAME], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
NOTARY PUBLIC SIGNATURE
[NOTARY PUBLIC NAME]
[DATE]
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