District of Columbia Waiver of Lien Agreement by Subcontractor

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• Control #: US-OG-413
• Format: Word; Rich Text

Description

This form is used when Surface Owner agrees that a restriction provision is waived (or is amended as described) and is not deemed binding on the Lessee in the Lease. The District of Columbia Waiver of Lien Agreement by Subcontractor is an official legal document that is utilized in construction projects within the District of Columbia. This agreement allows the subcontractor to relinquish their right to place a lien on the property in exchange for payment or other considerations. By signing this agreement, the subcontractor acknowledges that they have been paid for the work they have completed and agree not to file a lien against the property in the future. Keywords: District of Columbia, Waiver of Lien Agreement, subcontractor, construction projects, legal document, relinquish, lien, property, payment, considerations. There are various types of District of Columbia Waiver of Lien Agreements by Subcontractor, each serving different purposes based on the specific situation. These different types include: 1. Conditional Waiver of Lien: This type of waiver is typically used when a subcontractor receives partial payment for their work. In exchange for the payment, the subcontractor agrees to waive their right to place a lien on the property but only to the extent of the payment received. 2. Unconditional Waiver of Lien: Unlike the conditional waiver, this type of waiver is used when the subcontractor has received full payment for their work. By signing this agreement, the subcontractor permanently waives their right to place a lien on the property, regardless of the amount received. 3. Progress Payment Waiver of Lien: This waiver is commonly used when the subcontractor receives periodic progress payments for their work. By signing this agreement, the subcontractor waives their right to place a lien on the property for the specific amount covered by the progress payment. 4. Final Payment Waiver of Lien: When the subcontractor receives the final payment for their work upon completion of the project, the final payment waiver of lien is used. This waiver is intended to provide assurance to the property owner that the subcontractor will not claim a lien on the property after receiving the final payment. Keywords: Conditional Waiver of Lien, Unconditional Waiver of Lien, Progress Payment Waiver of Lien, Final Payment Waiver of Lien, partial payment, full payment, progress payments, periodic payments, completion of the project.

The District of Columbia Waiver of Lien Agreement by Subcontractor is an official legal document that is utilized in construction projects within the District of Columbia. This agreement allows the subcontractor to relinquish their right to place a lien on the property in exchange for payment or other considerations. By signing this agreement, the subcontractor acknowledges that they have been paid for the work they have completed and agree not to file a lien against the property in the future. Keywords: District of Columbia, Waiver of Lien Agreement, subcontractor, construction projects, legal document, relinquish, lien, property, payment, considerations. There are various types of District of Columbia Waiver of Lien Agreements by Subcontractor, each serving different purposes based on the specific situation. These different types include: 1. Conditional Waiver of Lien: This type of waiver is typically used when a subcontractor receives partial payment for their work. In exchange for the payment, the subcontractor agrees to waive their right to place a lien on the property but only to the extent of the payment received. 2. Unconditional Waiver of Lien: Unlike the conditional waiver, this type of waiver is used when the subcontractor has received full payment for their work. By signing this agreement, the subcontractor permanently waives their right to place a lien on the property, regardless of the amount received. 3. Progress Payment Waiver of Lien: This waiver is commonly used when the subcontractor receives periodic progress payments for their work. By signing this agreement, the subcontractor waives their right to place a lien on the property for the specific amount covered by the progress payment. 4. Final Payment Waiver of Lien: When the subcontractor receives the final payment for their work upon completion of the project, the final payment waiver of lien is used. This waiver is intended to provide assurance to the property owner that the subcontractor will not claim a lien on the property after receiving the final payment. Keywords: Conditional Waiver of Lien, Unconditional Waiver of Lien, Progress Payment Waiver of Lien, Final Payment Waiver of Lien, partial payment, full payment, progress payments, periodic payments, completion of the project.