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EXHIBIT B.1 INTERIM LIEN WAIVER AND RELEASE UPON PAYMENT STATE OF: COUNTY OF: THE UNDERSIGNED MECHANIC AND/OR MATERIAL HAS BEEN EMPLOYED BY (THE OWNER) TO FURNISH: (DESCRIBE MATERIALS AND/OR LABOR),
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How to fill out interim lien waiver and
How to fill out interim lien waiver and
01
Read the instructions on the interim lien waiver form carefully.
02
Fill out the date of the waiver.
03
Enter the name of the person or company that is being paid.
04
Specify the project or property name.
05
Provide a description of the work or services performed.
06
Include the total amount owed for the work.
07
Sign and date the interim lien waiver form.
08
Submit the completed form to the appropriate party or recipient.
Who needs interim lien waiver and?
01
Contractors who have completed a portion of the work and want to release their right to file a lien for that specific portion.
02
Property owners who want to ensure that contractors and subcontractors have been paid for the work completed.
03
General contractors who want to obtain waivers from subcontractors and suppliers as a condition of payment.
04
Lenders or financial institutions who require lien waivers before releasing funds for a construction project.
05
Construction professionals who want to protect their rights and ensure fair payment practices.
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What is interim lien waiver?
Interim lien waiver is a document that releases a portion of the claimant's rights to enforce a lien for the work or materials provided up to a certain point in a construction project.
Who is required to file interim lien waiver?
Contractors, subcontractors, and suppliers are typically required to file interim lien waivers for the work or materials they have provided on a construction project.
How to fill out interim lien waiver?
Interim lien waivers should include details such as project information, the amount being waived, the date of the waiver, and signatures of relevant parties.
What is the purpose of interim lien waiver?
The purpose of interim lien waivers is to provide proof that the claimant has received payment or intends to waive their right to file a lien for the work or materials provided.
What information must be reported on interim lien waiver?
The information required on an interim lien waiver includes project details, the amount being waived, the date of the waiver, and signatures of relevant parties.
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