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FORM UNCONDITIONAL LIEN WAIVER - PROGRESS PAYMENT Section 53. 284 of the Texas Property Code provides that a waiver and release given by a claimant or potential claimant is unenforceable unless it substantially complies with the applicable forms described by Subsections b - e of said Section 53. 284. THIS FORM IS TO BE USED if a claimant or potential claimant is required to execute an unconditional waiver and release to prove the receipt of good and sufficient funds for a progress payment and...
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What is form unconditional lien waiver?
Form unconditional lien waiver is a legal document signed by a contractor, subcontractor, or supplier in the construction industry to waive their right to claim a lien on a property for work or materials provided.
Who is required to file form unconditional lien waiver?
Contractors, subcontractors, and suppliers in the construction industry are required to file form unconditional lien waiver.
How to fill out form unconditional lien waiver?
Form unconditional lien waiver should be filled out by providing the necessary information about the parties involved, the property, the work or materials provided, and signing the document.
What is the purpose of form unconditional lien waiver?
The purpose of form unconditional lien waiver is to release the property owner from the risk of having a lien placed on their property by a contractor, subcontractor, or supplier.
What information must be reported on form unconditional lien waiver?
The form must include details such as the names and addresses of the parties involved, the property description, the work or materials provided, and the signature of the waiving party.
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