Unconditional Waiver And Release Upon Final Payment With Notary

What is unconditional waiver and release upon final payment with notary?

Unconditional waiver and release upon final payment with notary is a legal document that effectively releases the claimant's right to a lien or claim on a property or project upon receiving the final payment. This document is notarized to ensure its authenticity and enforceability.

What are the types of unconditional waiver and release upon final payment with notary?

There are two types of unconditional waiver and release upon final payment with notary: conditional and unconditional. The conditional waiver is used when the claimant has received partial payment and wants to waive the lien rights only to the extent of the amount received. On the other hand, the unconditional waiver is used when the claimant has received full and final payment and is willing to release all lien rights unconditionally.

Conditional unconditional waiver and release upon final payment with notary
Unconditional waiver and release upon final payment with notary

How to complete unconditional waiver and release upon final payment with notary

Completing an unconditional waiver and release upon final payment with notary is a straightforward process. Here are the steps to follow:

01
Obtain the necessary unconditional waiver and release upon final payment with notary form.
02
Fill out the form with the required information, including the claimant's name, the property/project details, and the date of final payment.
03
Review the completed form for accuracy and completeness.
04
Sign the form in the presence of a notary public.
05
Have the notary public notarize the document by affixing their seal and signature.
06
Keep a copy of the completed and notarized form for your records.
07
Provide the original notarized form to the appropriate party, such as the property owner or general contractor.

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