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Document hosted at http://www.jdsupra.com/post/documentViewer.aspx?fidde5455cde8524f738f311118eb52bd36NOTICE TO OWNER IMPORTANT: READ BOTH SIDES OF THIS NOTICE CAREFULLY. PROTECT YOURSELF FROM PAYING

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How to fill out lien waivers and releases

01

Start with the correct template for the lien waiver or release.

02

Fill in the name of the lien claimant (the person or contractor who will provide the waiver).

03

Enter the property address associated with the lien.

04

Specify the amount of payment received or the value of work done.

05

Include any relevant project details or contracts related to the work.

06

Confirm the date when the waiver is being filled out.

07

Sign the document to validate it.

08

Keep a copy for your records and provide the original to the appropriate party.

Who needs lien waivers and releases?

01

Contractors who have completed work on a property.

02

Subcontractors who have provided services to contractors.

03

Suppliers who have delivered materials used in a construction project.

04

Property owners seeking to confirm that their contractors have been paid.

05

Lenders requiring assurance that there are no liens placed against a property.

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What is lien waivers and releases?

A lien waiver is a document in which a contractor or supplier voluntarily relinquishes their right to file a lien against a property for unpaid work or materials provided. A lien release confirms that a previously filed lien has been removed.

Who is required to file lien waivers and releases?

Typically, contractors, subcontractors, and suppliers who have provided labor or materials on a construction project are required to file lien waivers and releases.

How to fill out lien waivers and releases?

To fill out lien waivers and releases, include the name and contact information of the party providing the waiver, the project details, the amount paid, and a statement that the party waives their right to place a lien on the property for the received payment.

What is the purpose of lien waivers and releases?

The purpose of lien waivers and releases is to protect property owners from potential claims against their property for unpaid work, ensuring that contractors and suppliers confirm that they have been paid before waiving their lien rights.

What information must be reported on lien waivers and releases?

Lien waivers and releases must include the names of the parties involved, project details, payment amounts, and the specific rights being waived.

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