Who needs a Final release and waiver of lien?
The final waiver of lien is used by a contractor or subcontractor involved in a construction project. The contractor fills out this form to certify that he has received all necessary payments due under the contract and waives any lien rights to the owner’s property.
What is the purpose of the Final waiver of lien form?
This form indicates the amount of money received by the contractor and certifies that the contractor waives, discharges, and releases any and all liens, claims and rights to liens against the given project.
Is the Final waiver of lien accompanied by other forms?
There is no need to accompany the final waiver of lien form with any other documents.
When is the Final waiver of lien due?
There is no deadline for signing the contractor’s final release and waiver of lien as no date is specified. The form should be completed when all payments under the contract were received by the contractor.
How do I fill out the Final waiver template?
This form consists of one page. The contractor should provide the following information:
Name of the project
Address of the project
Name of the project’s owner
Name of the contractor
Address of the contractor
The sum of the contract
This form should be signed and dated by the contractor as well who has to indicate the title and name.
Where do I send the Final waiver of lien?
Once completed and signed, this form should be directed to project’s owner and a copy may be kept for the contractor’s records.