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Waiver of LienIndividual (Iowa Code 572.14)State of Iowa County of COMES NOW, and does hereby acknowledge receipt of payment from in the amount of $, which represents payment in full for labor performed
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A waiver of lien is a legal document that relinquishes a contractor's or subcontractor's right to file a lien on a property for unpaid services or materials.
Typically, contractors, subcontractors, and suppliers who have provided labor or materials for a construction project may be required to file a waiver of lien.
To fill out a waiver of lien, include the names of the parties involved, a description of the project, the specific scope of work or materials provided, the amount paid, and a statement relinquishing the right to file a lien.
The purpose of a waiver of lien is to protect property owners from potential liens on their property by confirming that contractors or suppliers have been paid for their work, or to confirm that they are waiving their right to lien for the specified amounts.
Essential information includes the names of the lien claimant and property owner, the project address, a description of the work performed, the amount due and paid, as well as the date of the waiver.
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