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Pennsylvania Waiver of Lien by Corporation

Pennsylvania Waiver of Lien by Corporation

Name: Pennsylvania Waiver of Lien by Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (480 reviews)

Category:

Pennsylvania Liens - Construction - Mechanics

State:

Pennsylvania

Control #:

PA-06A-09

Format:

Instant download

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Description

Pennsylvania is unusual among States in that it allows a contractor or subcontractor to issue a written waiver to the property owner in which the contractor or subcontractor waives all rights to claim a lien. In fact, with proper notice a contractor may even waive the rights of a subcontractor to claim a lien.

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FAQ

A lien waiver is quite common in the construction business. Essentially, it is a document from a contractor, subcontractor, supplier, or another party who holds a mechanic's lien that states they have been paid in full and waive future lien rights to the disputed property.

Bottom Line: Never Sign an Unconditional Lien Waiver Prior to Receiving Payment!If the lien waiver is the only proof the owner has as to whether a particular party has been paid, the owner must be able to rely on it in order for the lien waiver to accomplish its purpose.

Fill out the Pennsylvania mechanics lien form. Fill out the PA lien form completely and accurately. File your lien claim with the county recorder. Serve a copy of the lien on the property owner.

This is a legal document where a contractor waives his common law right to hold control and possession over a property or resists to hand over the keys to the Bank when requested to do so, if he is not paid in full. Legal FAQ Guide.

It basically states that you've paid the subcontractor what is owed, they accept the payment in full, and they waive the right to put a lien on your property. Simply present this form to the subcontractor with your payment and ask them to sign it. Make sure you get their signature!

Name of Claimant. This is the name the party to be paid, and the party who will be signing the lien waiver document. Name of Customer. Job Location. Owner. Exceptions. Claimant's Signature. Claimant's Title. Date of Signature.

General contractors can waive lien rights for lower tier subcontractors by filing a Stipulation Against Liens on most residential projects and on all projects if the general contractor posts a payment bond.For all claimants, the Lien Claim must be filed in court within six months of the claimant's last work.

LIen waivers are not required to be notarized. The primary times that a document needs to be notarized is if it is going to be filed with the county recorder or it is an affidavit. There are some other documents that often use notarization, but lien waivers don't fall into any of those that "need to be notarized."

Pennsylvania Waiver of Lien by Corporation

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FAQ

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Pennsylvania Waiver of Lien by Corporation

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