Florida Waiver of Lien

• Category: Construction - Liens
• State: Multi-State
• Control #: US-00669
• Format: Word; Rich Text

Description

This form is a Waiver and Release of a Lien by a Contractor. A contractor waives and releases its lien and right to claim a lien for labor, services, or materials on a construction project described in the document. A Florida Waiver of Lien is a legal document used in the construction industry to release or waive the rights of a contractor, subcontractor, or material supplier to file a lien against a property for unpaid work or material. It is typically used to protect the property owner or general contractor from potential claims or disputes regarding outstanding payments. The primary purpose of a Florida Waiver of Lien is to provide documentation that states a party has been paid in full for their services, thereby waiving their right to file a lien on the property. By obtaining a signed waiver, property owners and general contractors can ensure that all parties involved in a construction project have received due compensation. There are different types of Florida Waiver of Lien, which vary based on the stage of the project and the party requesting the waiver. The four main types include: 1. Conditional Waiver and Release on Progress Payment This type of waiver is typically used when contractors or subcontractors receive partial payment for work completed. It states that the party receiving the payment acknowledges the receipt but does not waive their right to claim payment for any additional work until they are paid in full. 2. Unconditional Waiver and Release on Progress Payment Similar to the conditional waiver, the unconditional waiver also confirms receipt of partial payment. However, it differs in that it fully waives the right to claim any further payment related to the specific progress payment. 3. Conditional Waiver and Release on Final Payment This waiver is used when a contractor or subcontractor receives final payment for completed work. It states that the party has received payment and will waive the right to claim any further payment once the payment is cleared. 4. Unconditional Waiver and Release on Final Payment The unconditional waiver and release on final payment, just like the conditional waiver, acknowledges the receipt of final payment. The difference lies in that it fully waives the right to claim any additional payment once the payment is cleared. It is important to note that a Florida Waiver of Lien must be completed accurately, signed, and notarized for it to be legally binding. It is advisable for all parties involved in a construction project to carefully review the document and seek legal advice if necessary before signing.

A Florida Waiver of Lien is a legal document used in the construction industry to release or waive the rights of a contractor, subcontractor, or material supplier to file a lien against a property for unpaid work or material. It is typically used to protect the property owner or general contractor from potential claims or disputes regarding outstanding payments. The primary purpose of a Florida Waiver of Lien is to provide documentation that states a party has been paid in full for their services, thereby waiving their right to file a lien on the property. By obtaining a signed waiver, property owners and general contractors can ensure that all parties involved in a construction project have received due compensation. There are different types of Florida Waiver of Lien, which vary based on the stage of the project and the party requesting the waiver. The four main types include: 1. Conditional Waiver and Release on Progress Payment This type of waiver is typically used when contractors or subcontractors receive partial payment for work completed. It states that the party receiving the payment acknowledges the receipt but does not waive their right to claim payment for any additional work until they are paid in full. 2. Unconditional Waiver and Release on Progress Payment Similar to the conditional waiver, the unconditional waiver also confirms receipt of partial payment. However, it differs in that it fully waives the right to claim any further payment related to the specific progress payment. 3. Conditional Waiver and Release on Final Payment This waiver is used when a contractor or subcontractor receives final payment for completed work. It states that the party has received payment and will waive the right to claim any further payment once the payment is cleared. 4. Unconditional Waiver and Release on Final Payment The unconditional waiver and release on final payment, just like the conditional waiver, acknowledges the receipt of final payment. The difference lies in that it fully waives the right to claim any additional payment once the payment is cleared. It is important to note that a Florida Waiver of Lien must be completed accurately, signed, and notarized for it to be legally binding. It is advisable for all parties involved in a construction project to carefully review the document and seek legal advice if necessary before signing.