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Wachovia Spectrum 3601 South Broad Street Philadelphia, PA 19148 Phone: 888-888-KIXX FAX: 215-952-5488 RELEASE FORM KNOW ALL MEN BY THESE PRESENTS: That in consideration of the participation by (participant)

How to fill out prelim release form

How to fill out a prelim release form:

1. Begin by reading the form carefully: Take the time to thoroughly review the prelim release form to understand its purpose and requirements. Make sure you are familiar with all the sections and clauses mentioned in the form.
2. Provide your personal information: Start by entering your full legal name, address, phone number, and any other relevant contact details requested on the form. Ensure that this information is accurate and up to date.
3. Indicate the project or property details: Fill in the necessary information regarding the project or property for which the preliminary release form is being completed. This may include the project address, land description, or any specific identifiers associated with the project.
4. Specify the parties involved: Identify and provide details about the parties involved in the project, such as the property owner, general contractor, subcontractors, or any other relevant parties. Include their names, addresses, and contact information.
5. Sign and date the form: Once you have filled out all the required sections, sign the prelim release form using your legal signature. Make sure to also date the form with the current date.
6. Attach any supporting documents: If there are any supporting documents or attachments required to accompany the prelim release form, ensure they are properly included. This may involve providing copies of invoices, receipts, lien waivers, or any other relevant paperwork.

Who needs a prelim release form:

1. Contractors: Contractors often require a prelim release form to protect themselves from potential disputes or legal issues regarding payment for the work they perform. It helps establish a clear understanding of who has been paid and who still needs to be compensated.
2. Property owners: Property owners may request prelim release forms from contractors and subcontractors to ensure that all parties involved have been paid and that there are no outstanding claims or liens against the property.
3. Subcontractors and suppliers: Subcontractors and suppliers who have provided services or materials on a project may need to complete a prelim release form to confirm that they have received payment or waive their right to file a mechanics lien or claim against the property.

Note: The specific regulations and requirements for prelim release forms may vary depending on the jurisdiction and the nature of the project. It is advisable to consult with a legal professional or review the local laws to ensure compliance with all relevant regulations.

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