The Jacksonville Florida Waiver And Release Of Lien Upon Final Payment Form Constructionio— - Mechanic Liens - Corporation or LLC is a legal document that is commonly used in the construction industry in Jacksonville, Florida. This form serves as a legal agreement between the parties involved in a construction project, specifically the contractor or subcontractor (acting as lie nor) and the property owner or general contractor (acting as released). The purpose of this form is to release any potential mechanic's lien rights that the lie nor may have on the property upon receiving final payment for their services or materials provided. By signing this waiver and release of lien form, the lie nor acknowledges that they have received full and final payment for their work or materials and agrees to waive and release any and all lien rights they may have on the property. It is important for contractors or subcontractors to utilize this form when working on a construction project to protect their interests and ensure that they receive payment for the services rendered. On the other hand, property owners or general contractors benefit from obtaining this form as it releases them from any potential future mechanic's liens claims, providing them with assurance that the contractor or subcontractor has been fully compensated for their work. The Jacksonville Florida Waiver And Release Of Lien Upon Final Payment Form Constructionio— - Mechanic Liens - Corporation or LLC may have different variations depending on the parties involved. Some common variations include: 1. Contractor Waiver and Release of Lien: This form is typically used when a contractor, who is operating as a corporation or LLC, releases their lien rights upon receiving final payment from the property owner or general contractor. 2. Subcontractor Waiver and Release of Lien: This form is used when a subcontractor, operating as a corporation or LLC, releases their lien rights upon receiving final payment from the contractor or primary subcontractor they were hired by. 3. Supplier/Material Provider Waiver and Release of Lien: This version is used by suppliers or material providers, who are corporations or LCS, to release their lien rights upon receiving final payment for the materials they supplied for the construction project. These variations exist to ensure that each party involved in the construction project can properly release their lien rights once they have received full payment for their work or materials. Overall, the Jacksonville Florida Waiver And Release Of Lien Upon Final Payment Form Constructionio— - Mechanic Liens - Corporation or LLC serves as a legally binding agreement that protects the interests of both the lie nor and the released by detailing the final payment and waiving any future lien claims upon the property.