A Waiver And Release Of Lien is commonly used in construction and property improvement projects across the United States when a contractor, subcontractor, or supplier has received payment for their work or materials. This document serves as legal evidence that the party receiving payment relinquishes their right to file or maintain a mechanics lien against the property. It protects property owners and general contractors from future lien claims while ensuring proper payment documentation. The specific requirements and format may vary by state, with some jurisdictions mandating particular statutory forms.
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1. 1. Identification of Parties: Details of the lien holder and property owner/contractor, including full legal names, addresses, and any relevant registration numbers
2. 2. Property Description: Legal description of the property subject to the lien, including address, lot number, and any other identifying details
3. 3. Payment Amount: Statement of consideration received for the release, including the exact amount paid and payment method
4. 4. Release Statement: Explicit waiver and release of lien rights, including reference to specific work performed and time period covered
5. 5. Signature Block: Formal execution section including signatures, dates, and notarization requirements
1. Conditional Release Language: Additional provisions specifying that the release only becomes effective upon receipt of payment
2. Partial Release Provisions: Specific language defining which portion of work or claims are being released while preserving others
3. Reservation of Rights: Specific provisions preserving certain rights or claims outside the scope of the release
1. Schedule A - Payment Details: Detailed breakdown of payments received or pending, including dates and amounts
2. Schedule B - Project Scope: Comprehensive description of work performed or materials furnished
3. Schedule C - Original Lien Documentation: Copies or references to original lien filings and related documentation
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