KY Zlien Partial Waiver of Lien-Progress Payment 2012-2025 free printable template

PARTIAL WAIVER OF LIENPROGRESS PAYMENT Name of Project: Location/Address: City/State: IN CONSIDERATION OF THE SUM OF ($) and other valuable considerations, the undersigned does hereby WAIVE, RELEASE

How to fill out KY Zlien Partial Waiver of Lien-Progress Payment

How to fill out KY Zlien Partial Waiver of Lien-Progress Payment

1. Obtain the KY Zlien Partial Waiver of Lien-Progress Payment form either online or from your project manager.
2. Fill in the project name and location at the top of the form.
3. Enter the date of the waiver completion.
4. Clearly state the amount being waived in the section designated for the payment that is being made.
5. Provide details about the service or work performed that relates to the payment being waived.
6. Include your name, the name of your company, and the title of the person signing the waiver.
7. Ensure the signer of the document is an authorized representative of your company.
8. Sign and date the document.
9. Make copies of the signed waiver for your records and to provide to any relevant parties.
10. Submit the completed waiver to the contractor or owner as required.

Who needs KY Zlien Partial Waiver of Lien-Progress Payment?

1. Contractors who have completed work on a project and are receiving progress payments.
2. Subcontractors who have provided services or materials and need to acknowledge payments.
3. Suppliers providing materials for a construction project.
4. Any party involved in a construction project who requires a formal acknowledgment of payment to waive their lien rights temporarily.

People Also Ask about

How much does it cost to file a lien in KY?

A: The secured party (the lender) must submit the current KY title, a Title Lien Statement, and payment of $22.00. If the title has been misplaced, a duplicate title must be ordered. Ordering a title generates a form called a “goldenrod” that can be used in place of the title for 30 days.

Do lien waivers need to be notarized in Kentucky?

Kentucky does not require the notarization of lien waivers.

How do I get a lien release in Kentucky?

To be considered for a Specific Lien Release the taxpayer must complete and submit the ​Application for Specific Lien Release to the Department of Revenue.

How do I put a lien on someone's property in Kentucky?

A Kentucky mechanics lien must be filed in the county clerk's office of the county where the property is located.

How long does a property lien last in Kentucky?

(1) Any lien provided for in KRS 376.010 shall be deemed dissolved unless an action is brought to enforce the lien within twelve (12) months from the day of filing the statement in the clerk's office, as required by KRS 376.080.

What is the document that places the lien on a home in Kentucky?

The Notice of State Tax Lien is filed in the county where the taxpayer's business or residence is located or in the county where the taxpayer has an interest in property and serves as both a public notice to the taxpayer's creditors and to establish priority status among the creditors.

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What is KY Zlien Partial Waiver of Lien-Progress Payment?

The KY Zlien Partial Waiver of Lien-Progress Payment is a legal document used in Kentucky construction projects that confirms a contractor or subcontractor has received payment for work performed, thereby waiving their right to file a lien on that portion of the work.

Who is required to file KY Zlien Partial Waiver of Lien-Progress Payment?

Typically, contractors and subcontractors who have completed work and received a progress payment are required to file a KY Zlien Partial Waiver of Lien-Progress Payment in order to formally waive their lien rights for that payment.

How to fill out KY Zlien Partial Waiver of Lien-Progress Payment?

To fill out the KY Zlien Partial Waiver of Lien-Progress Payment, one must provide information such as the project name, the amount of payment received, a description of the work completed, the date, and signatures of the parties involved.

What is the purpose of KY Zlien Partial Waiver of Lien-Progress Payment?

The purpose of the KY Zlien Partial Waiver of Lien-Progress Payment is to protect the interests of the property owner or general contractor by ensuring that payments made to contractors or subcontractors do not leave them with the ability to place a lien on the property for the amount covered by the waiver.

What information must be reported on KY Zlien Partial Waiver of Lien-Progress Payment?

The information that must be reported on the KY Zlien Partial Waiver of Lien-Progress Payment includes the project name, payment amount, date of payment, a description of work done, signatures of the contractor and subcontractor, and any relevant contract details.