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STATE OF TEXAS Progress Lien Waiver and Release Project Steed Construction, Inc. Job No. (Pursuant to Texas Property Code 53.281) CONDITIONAL WAIVER AND RELEASE ON PROGRESS PAYMENT On receipt by the
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How to fill out texas bprogressb lien bwaiver
How to fill out Texas progress lien waiver:
01
Obtain the correct form: The Texas progress lien waiver form can be found on the official website of the Texas Comptroller of Public Accounts. Make sure you have the most recent version of the form.
02
Fill out project details: Provide the necessary project information, such as the name, address, and description of the project. This helps identify the specific project the lien waiver is associated with.
03
Identify the parties: Clearly identify the party providing the waiver (claimant) and the party receiving the waiver (potential lien claimant). Include their names, addresses, and contact information.
04
Specify the waiver type: Determine the type of lien waiver that is most appropriate for your situation. In Texas, there are four types of lien waivers – Unconditional Waiver and Release upon Progress Payment, Conditional Waiver and Release upon Progress Payment, Unconditional Waiver and Release upon Final Payment, Conditional Waiver and Release upon Final Payment. Choose the one that suits your needs.
05
Indicate the payment details: Enter the dates and amounts of payment made or to be made. This helps establish the progress of the project and ensure proper compensation.
06
Sign and date: Both the claimant and potential lien claimant must sign and date the lien waiver form. By doing so, they acknowledge the waiver and release their right to claim a lien for the specified amounts.
Who needs Texas progress lien waiver:
01
Contractors: Contractors who are working on construction projects in Texas may need to provide progress lien waivers as part of their payment process. It helps establish that they have received or will receive payment for the work done, releasing any potential lien rights.
02
Subcontractors: Subcontractors who have been hired by a general contractor for a project in Texas may also be required to submit progress lien waivers. It assures that they have been or will be compensated for their services and waive their right to file a lien.
03
Suppliers: Suppliers of materials or equipment used in a Texas construction project might need to provide progress lien waivers. This ensures that they are paid for their supplies and relinquish their lien rights on the project.
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What is texas progress lien waiver?
A Texas progress lien waiver is a document signed by a contractor or subcontractor stating that they have been paid for work completed on a construction project.
Who is required to file texas progress lien waiver?
Contractors and subcontractors are typically required to file Texas progress lien waivers in order to release their right to file a mechanics lien.
How to fill out texas progress lien waiver?
To fill out a Texas progress lien waiver, contractors and subcontractors should include their name, the project name, the amount paid, and a statement releasing their right to file a mechanics lien.
What is the purpose of texas progress lien waiver?
The purpose of a Texas progress lien waiver is to provide proof that a contractor or subcontractor has been paid for work completed on a construction project, thereby releasing the property owner from liability for a mechanics lien.
What information must be reported on texas progress lien waiver?
Information that must be reported on a Texas progress lien waiver includes the name of the contractor or subcontractor, the project name, the amount paid, and a statement releasing their right to file a mechanics lien.
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