Lee's Summit Missouri Conditional Waiver and Release of Lien Upon Final Payment

• Category: Missouri Liens - Construction - Mechanics
• State: Missouri
• City: Lee's Summit
• Control #: MO-09-09
• Format: Word; Rich Text

Description

This Conditional Waiver and Release of Lien Upon Final Payment form is for use by a lienor, in consideration of the final payment to waive and release his or her lien and right to claim a lien for labor, services or materials furnished through a particular date to a customer on the job of the owner of property. This Conditional Waiver and Release of Lien Upon Final Payment is conditioned upon the lienor receiving collected funds for the work, and if these funds are not received within a certain number of days of the date of the waiver, this Conditional Waiver and Release of Lien is void. Description: Lee's Summit Missouri Conditional Waiver and Release of Lien Upon Final Payment is a legal document that serves as a written agreement between a contractor, subcontractor, or supplier (referred to as "claimant") and the property owner or developer (referred to as "owner"). This document is used to protect the interests of parties involved in a construction project in Lee's Summit, Missouri, by waiving and releasing any potential liens on the property upon receiving final payment. Keywords: Lee's Summit Missouri, conditional waiver and release of lien upon final payment, contractor, subcontractor, supplier, property owner, developer, construction project, liens. There are different types of Lee's Summit Missouri Conditional Waiver and Release of Lien Upon Final Payment, each serving a specific purpose: 1. Conditional Waiver and Release of Lien Upon Final Payment: This type of waiver is commonly used when the claimant has submitted an invoice for the final payment and is willing to conditionally waive and release any potential liens upon receiving the said payment. 2. Unconditional Waiver and Release of Lien Upon Final Payment: This type of waiver is used when the claimant has already received the final payment and willingly releases any potential liens without any conditions or obligations. 3. Partial Conditional Waiver and Release of Lien Upon Final Payment: This type of waiver is utilized when the claimant has completed a specific phase of the project, received a partial payment, and wishes to conditionally waive and release any potential liens for that particular phase upon receiving the agreed-upon partial payment. 4. Partial Unconditional Waiver and Release of Lien Upon Final Payment: This type of waiver is employed when the claimant has completed a specific phase of the project, received a partial payment, and is ready to unconditionally release any potential liens for that particular phase, irrespective of the remaining payments. By utilizing the appropriate Lee's Summit Missouri Conditional Waiver and Release of Lien Upon Final Payment, the parties involved can protect their rights, ensure timely payments, and facilitate the smooth progression of the construction project, fostering a beneficial working relationship.

Description: Lee's Summit Missouri Conditional Waiver and Release of Lien Upon Final Payment is a legal document that serves as a written agreement between a contractor, subcontractor, or supplier (referred to as "claimant") and the property owner or developer (referred to as "owner"). This document is used to protect the interests of parties involved in a construction project in Lee's Summit, Missouri, by waiving and releasing any potential liens on the property upon receiving final payment. Keywords: Lee's Summit Missouri, conditional waiver and release of lien upon final payment, contractor, subcontractor, supplier, property owner, developer, construction project, liens. There are different types of Lee's Summit Missouri Conditional Waiver and Release of Lien Upon Final Payment, each serving a specific purpose: 1. Conditional Waiver and Release of Lien Upon Final Payment: This type of waiver is commonly used when the claimant has submitted an invoice for the final payment and is willing to conditionally waive and release any potential liens upon receiving the said payment. 2. Unconditional Waiver and Release of Lien Upon Final Payment: This type of waiver is used when the claimant has already received the final payment and willingly releases any potential liens without any conditions or obligations. 3. Partial Conditional Waiver and Release of Lien Upon Final Payment: This type of waiver is utilized when the claimant has completed a specific phase of the project, received a partial payment, and wishes to conditionally waive and release any potential liens for that particular phase upon receiving the agreed-upon partial payment. 4. Partial Unconditional Waiver and Release of Lien Upon Final Payment: This type of waiver is employed when the claimant has completed a specific phase of the project, received a partial payment, and is ready to unconditionally release any potential liens for that particular phase, irrespective of the remaining payments. By utilizing the appropriate Lee's Summit Missouri Conditional Waiver and Release of Lien Upon Final Payment, the parties involved can protect their rights, ensure timely payments, and facilitate the smooth progression of the construction project, fostering a beneficial working relationship.

Law summary