This Conditional Partial Release And Waiver Of Lien form is for use by an individual lienor 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 the owner of the property. This waiver and release is conditioned upon the lienor receiving collected funds in a certain amount for the work, and if the funds are not received within a certain number of days of the date of the waiver, the waiver is void.
A partial unconditional waiver of lien form in Michigan is a legal document that eliminates a contractor or subcontractor's right to place a lien on a property for specific payment portions received. This waiver can be used when a partial payment has been made, but the full amount owed has not been received. The purpose of this form is to offer protection to property owners, ensuring that contractors or subcontractors cannot file a lien against the property for the amount of payment already received. By signing this waiver, the lien claimant agrees to waive their right to file a lien against the property for the partial payment received. There are various types of partial unconditional waiver of lien forms in Michigan, depending on the scope and nature of the construction project. Some common forms include: 1. Partial Unconditional Waiver of Lien — Progress Payment: This form is used when a contractor or subcontractor accepts a partial payment for work completed at a specific stage of the construction project. It waives the right to file a lien for the specified amount received. 2. Partial Unconditional Waiver of Lien — Final Payment: This form is applicable when a contractor or subcontractor receives the final payment for the completed project. By signing this form, the lien claimant relinquishes the right to file a lien against the property for the final payment received. 3. Partial Unconditional Waiver of Lien — Changes and Extras: When additional work or changes are made to the original contract, this form is used to waive the right to file a lien for the extra payment received for the modifications. 4. Partial Unconditional Waiver of Lien — Equipment Rental: In cases where equipment is rented as part of the construction project, this form is utilized to waive the right to file a lien against the property for the rental payment received for the equipment. 5. Partial Unconditional Waiver of Lien — Materials: When payment is received for the supply of materials used in the construction project, this form is used to waive the right to file a lien against the property for the material payment received. It is important to note that while the partial unconditional waiver of lien forms protect the property owner, they also limit the lien claimant's ability to secure their owed payment. Contractors and subcontractors should carefully review the terms and conditions of these forms before signing to ensure they are not waiving more rights than necessary. Overall, the partial unconditional waiver of lien form Michigan helps facilitate smooth construction projects, providing clarity and protection for both property owners and contractors/subcontractors.
