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This document serves as a waiver and release of any claims or liens against Northern Contracting Corp. and the project owner by a subcontractor or supplier upon receipt of payment, certifying that
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How to fill out final lien waiver
How to fill out final lien waiver
01
Obtain the final lien waiver form from your state or local jurisdiction.
02
Fill in the name of the property owner or their authorized agent.
03
Include the name of the contractor, subcontractor, or supplier issuing the waiver.
04
State the amount of payment received, which corresponds to the work completed.
05
Read through the waiver terms carefully, confirming that you understand your rights and obligations.
06
Sign and date the document in the designated areas.
07
Submit the final lien waiver to the property owner or their representative.
Who needs final lien waiver?
01
Contractors who have completed work on a project.
02
Subcontractors and suppliers who have provided materials or services.
03
Property owners looking to close out a project and ensure no further claims can be made.
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What is final lien waiver?
A final lien waiver is a legal document that confirms that a contractor, subcontractor, or supplier has been paid in full for their work and waives their right to file a lien against the property for that work.
Who is required to file final lien waiver?
Typically, contractors, subcontractors, and suppliers who have provided services or materials for a project are required to file a final lien waiver to demonstrate that they have been compensated for their work.
How to fill out final lien waiver?
To fill out a final lien waiver, include the project details, such as the property owner's name, the address, the amount paid, and any relevant dates. The contractor or subcontractor should sign the document to verify that payment has been received and that they waive their right to file a lien.
What is the purpose of final lien waiver?
The purpose of a final lien waiver is to protect property owners and ensure that they are clear from future claims for payment from contractors or subcontractors after they have made full payment for the work done.
What information must be reported on final lien waiver?
The final lien waiver should report details such as the name of the payer, the recipient of the payment, project name, the property description, the final payment amount, and the date of payment, as well as signatures from the relevant parties.
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