This Waiver And Release Of Lien Upon Progress Payment form is for use by a corporate or LLC lienor to waive and release its lien and right to claim a lien for labor, services or materials furnished through a specific date to a customer on the job of the owner of property.
Keywords: Hollywood Florida, waiver and release of lien, progress payment form, construction, mechanic liens, corporation, LLC Detailed Description: The Hollywood Florida Waiver and Release of Lien upon Progress Payment Form is an essential legal document in the construction industry that helps protect the interests of parties involved in a project. This form is particularly relevant for corporations or limited liability companies (LCS) operating within Hollywood, Florida. The purpose of this waiver and release of lien form is to certify that a contractor, subcontractor, or supplier has received payment for work done or materials provided on a construction project. It serves as a legal statement, confirming that the party signing the document releases their right to file a mechanic's lien against the property on which the work was performed. There are different types of Hollywood Florida Waiver and Release of Lien upon Progress Payment forms, depending on the stage of the project and the party involved: 1. Conditional Waiver and Release upon Progress Payment: This form is used when a contractor, subcontractor, or supplier requires a progress payment before releasing their lien rights. It ensures that once payment has been received, the lien claim is waived and released. 2. Unconditional Waiver and Release upon Progress Payment: This form is executed when a contractor, subcontractor, or supplier has already received payment in full for the work performed or materials supplied. It acts as an unconditional release of lien rights. 3. Partial Conditional Waiver and Release upon Progress Payment: This form is utilized when progress payments are made in installments or based on completed stages of the project. It acknowledges the receipt of partial payment and waives the lien rights for that specific portion. 4. Partial Unconditional Waiver and Release upon Progress Payment: Similar to the partial conditional waiver, this form acknowledges partial payment received without any conditions or qualifications, providing an unconditional release of lien rights for the specified portion of work or materials. It's crucial for corporations or LCS involved in construction projects in Hollywood, Florida, to utilize the appropriate waiver and release of lien form. By properly executing these forms, they can protect their rights, facilitate smooth progress payments, and minimize the risk of potential legal disputes regarding lien claims.
Keywords: Hollywood Florida, waiver and release of lien, progress payment form, construction, mechanic liens, corporation, LLC Detailed Description: The Hollywood Florida Waiver and Release of Lien upon Progress Payment Form is an essential legal document in the construction industry that helps protect the interests of parties involved in a project. This form is particularly relevant for corporations or limited liability companies (LCS) operating within Hollywood, Florida. The purpose of this waiver and release of lien form is to certify that a contractor, subcontractor, or supplier has received payment for work done or materials provided on a construction project. It serves as a legal statement, confirming that the party signing the document releases their right to file a mechanic's lien against the property on which the work was performed. There are different types of Hollywood Florida Waiver and Release of Lien upon Progress Payment forms, depending on the stage of the project and the party involved: 1. Conditional Waiver and Release upon Progress Payment: This form is used when a contractor, subcontractor, or supplier requires a progress payment before releasing their lien rights. It ensures that once payment has been received, the lien claim is waived and released. 2. Unconditional Waiver and Release upon Progress Payment: This form is executed when a contractor, subcontractor, or supplier has already received payment in full for the work performed or materials supplied. It acts as an unconditional release of lien rights. 3. Partial Conditional Waiver and Release upon Progress Payment: This form is utilized when progress payments are made in installments or based on completed stages of the project. It acknowledges the receipt of partial payment and waives the lien rights for that specific portion. 4. Partial Unconditional Waiver and Release upon Progress Payment: Similar to the partial conditional waiver, this form acknowledges partial payment received without any conditions or qualifications, providing an unconditional release of lien rights for the specified portion of work or materials. It's crucial for corporations or LCS involved in construction projects in Hollywood, Florida, to utilize the appropriate waiver and release of lien form. By properly executing these forms, they can protect their rights, facilitate smooth progress payments, and minimize the risk of potential legal disputes regarding lien claims.
