This Unconditional Waiver and Release of Lien Upon Progress Payment form is for use by a lienor, in consideration of a certain sum of money to waive and release his or her lien and right to claim a lien for labor, services or materials furnished through a specific date to a customer on the job of an owner of property.
A Bronx New York Unconditional Waiver and Release of Lien Upon Progress Payment is a legal document that grants unconditional permission to release a lien on a property in the Bronx upon receipt of a progress payment. It is commonly used in construction or renovation projects where a subcontractor or supplier wants to waive their right to file a lien against a property once they have been paid for their services or materials. This type of waiver and release ensures that property owners, contractors, and other parties involved in a construction project can proceed without the fear of unresolved liens causing complications or delays. By signing this document, the party releasing the lien acknowledges receipt of payment and relinquishes their right to file a lien against the property. Some common types of Bronx New York Unconditional Waiver and Release of Lien Upon Progress Payment include: 1. Unconditional Partial Waiver and Release: This document is used when a subcontractor or supplier receives a partial payment for their services or materials and agrees to waive their right to file a lien for that specific amount. 2. Unconditional Final Waiver and Release: This waiver and release is used when a subcontractor or supplier receives the final payment for their services or materials and agrees to waive their right to file a lien for the entire project. 3. Unconditional Waiver and Release for Progress Payments: This type of waiver and release is used when a subcontractor or supplier receives multiple progress payments throughout the duration of a project. Each time a progress payment is received, they sign a separate waiver and release, acknowledging receipt of payment and waiving their right to file a lien for that specific progress payment. 4. Unconditional Waiver and Release of Retain age: Retain age refers to a portion of a payment that is withheld until the completion of a project for various reasons. This waiver and release is used when a subcontractor or supplier receives payment for the retain age and agrees to waive their right to file a lien for that withheld amount. It is essential to consult with a legal professional when drafting or signing any type of Bronx New York Unconditional Waiver and Release of Lien Upon Progress Payment to ensure that all legal requirements and conditions are met. This will help protect the rights and interests of all parties involved in the construction project.A Bronx New York Unconditional Waiver and Release of Lien Upon Progress Payment is a legal document that grants unconditional permission to release a lien on a property in the Bronx upon receipt of a progress payment. It is commonly used in construction or renovation projects where a subcontractor or supplier wants to waive their right to file a lien against a property once they have been paid for their services or materials. This type of waiver and release ensures that property owners, contractors, and other parties involved in a construction project can proceed without the fear of unresolved liens causing complications or delays. By signing this document, the party releasing the lien acknowledges receipt of payment and relinquishes their right to file a lien against the property. Some common types of Bronx New York Unconditional Waiver and Release of Lien Upon Progress Payment include: 1. Unconditional Partial Waiver and Release: This document is used when a subcontractor or supplier receives a partial payment for their services or materials and agrees to waive their right to file a lien for that specific amount. 2. Unconditional Final Waiver and Release: This waiver and release is used when a subcontractor or supplier receives the final payment for their services or materials and agrees to waive their right to file a lien for the entire project. 3. Unconditional Waiver and Release for Progress Payments: This type of waiver and release is used when a subcontractor or supplier receives multiple progress payments throughout the duration of a project. Each time a progress payment is received, they sign a separate waiver and release, acknowledging receipt of payment and waiving their right to file a lien for that specific progress payment. 4. Unconditional Waiver and Release of Retain age: Retain age refers to a portion of a payment that is withheld until the completion of a project for various reasons. This waiver and release is used when a subcontractor or supplier receives payment for the retain age and agrees to waive their right to file a lien for that withheld amount. It is essential to consult with a legal professional when drafting or signing any type of Bronx New York Unconditional Waiver and Release of Lien Upon Progress Payment to ensure that all legal requirements and conditions are met. This will help protect the rights and interests of all parties involved in the construction project.
