What is unconditional waiver and release on final payment?

An "Unconditional Waiver and Release Upon Final Payment" extinguishes all claimant rights upon receipt of the payment. A "Conditional Waiver and Release Upon Final Payment" extinguishes all claimant rights upon receipt of the final payment with certain provisions.

US Legal Forms
Maine Unconditional Waiver and Release Upon Final Payment - Individual

Maine Unconditional Waiver and Release Upon Final Payment - Individual

Name: Maine Unconditional Waiver and Release Upon Final Payment - Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.79 (309 reviews)

Category:

Liens - Construction - Mechanics

State:

Maine

Control #:

ME-09-09

Format:

Instant download

Upgrade to a Package! This form is part of a package. Get several related forms for the price of one! Go to Package

Description Her Name Maine

This Unconditional Waiver and Release Upon Final Payment form is for use by an individual lienor, in consideration of 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 an owner of property.

A02 Notice to Respondent of Time for Filing Objections to Appointment of Guardians

View this form

A03 Order Appointing Visitor

View this form

A04 Proof of Service

View this form

A05 Order to Appoint Guardians for a Minor Child Who Is Soon to Turn 18 years old and Who is Incapacitated

View this form

A02 Motion for Change of Venue

View this form

Oregon ASL-2 Certificate of Satisfaction o...

View this form

Parent Information Program Order and Notice

View this form

Schedule D: Creditors Who Have Claims Secu...

View this form

Transcript Order Form

View this form

A02 Transcript for appeal

View this form

Sample Letter for Verification - Job Appli...

View this form

Right to Attach Order after Hearing and Or...

View this form

Outline of the Acquisition Process Represe...

View this form

Information Technology Course Tracking Form

View this form

Child Support Calculation (word document)

View this form

How to fill out Me Unconditional Final Draft?

Welcome to the largest legal files library, US Legal Forms. Here you can find any template such as Maine Unconditional Waiver and Release Upon Final Payment - Individual forms and download them (as many of them as you want/require). Make official files with a couple of hours, instead of days or weeks, without having to spend an arm and a leg on an legal professional. Get your state-specific example in clicks and feel confident with the knowledge that it was drafted by our state-certified attorneys.

If you’re already a subscribed customer, just log in to your account and click Download near the Maine Unconditional Waiver and Release Upon Final Payment - Individual you need. Because US Legal Forms is online solution, you’ll generally have access to your saved templates, regardless of the device you’re using. Find them inside the My Forms tab.

If you don't have an account yet, just what are you waiting for? Check our instructions below to start:

If this is a state-specific sample, check out its applicability in your state.
See the description (if readily available) to understand if it’s the right template.
See more content with the Preview option.
If the example matches all of your requirements, just click Buy Now.
To make your account, choose a pricing plan.
Use a credit card or PayPal account to subscribe.
Download the template in the format you want (Word or PDF).
Print the file and complete it with your/your business’s info.

As soon as you’ve filled out the Maine Unconditional Waiver and Release Upon Final Payment - Individual, send it to your attorney for verification. It’s an additional step but an essential one for being sure you’re completely covered. Join US Legal Forms now and get access to thousands of reusable samples.

Me Unconditional Payment Uslegal Form popularity

Me Unconditional Release Order Other Form Names

Me Unconditional Final Uslegal Formtext Notary Final Me Unconditional Payment Printable Me Waiver Release Download Maine Unconditional Release Online Lien Her Maine Me Waiver Final Paper

Waiver Release Individual Me FAQ

An unconditional mechanic's lien waiver states the contractor has in fact been paid in full for the stated work. Write the name of the maker of the check in the space provided on the mechanic's lien release form. Fill in the amount of the payment. Write the name of contractor the payment is being made to.

An "Unconditional Waiver and Release Upon Final Payment" extinguishes all claimant rights upon receipt of the payment. A "Conditional Waiver and Release Upon Final Payment" extinguishes all claimant rights upon receipt of the final payment with certain provisions.

Signing an unconditional lien waiver is enforceable even before you get paid. This means that if you sign an unconditional lien waiver before receiving the money and the property owner ends up not paying up, you have already waived your lien rights because you signed the unconditional lien waiver.

Name of Claimant. This is the name the party to be paid, and the party who will be signing the lien waiver document. Name of Customer. Job Location. Owner. Exceptions. Claimant's Signature. Claimant's Title. Date of Signature.

An unconditional release means that there are no restrictions on the release of the lien. This type of lien release is often used in final project documents to confirm that the project is complete, payment has occurred, and you release all future rights to file liens on the project.

A "Conditional Waiver and Release Upon Progress Payment" discharges all claimant rights through a specific date, provided the payments have actually been received and processed. An "Unconditional Waiver and Release Upon Final Payment" extinguishes all claimant rights upon receipt of the payment.

Me Waiver Release Statement Trusted and secure by over 3 million people of the world’s leading companies

Unconditional Waiver and Release Upon Final Payment - Individual

Note: This summary is not intended to be an all-inclusive discussion of Maine's construction or mechanic's lien laws, but does include basic provisions.

What is a construction or mechanic's lien?

Every state permits a person who supplies labor or materials for a construction project to claim a lien against the improved property. While some states differ in their definition of improvements and some states limit lien claims to buildings or structures, most permit the filing of a document with the local court that puts parties interested in the property on notice that the party asserting the lien has a claim. States differ widely in the method and time within which a party may act on their lien. Also varying widely are the requirements of written notices between property owners, contractors, subcontractors and laborers, and in some cases lending institutions. As a general rule, these statutes serve to prevent unpleasant surprises by compelling parties who wish to assert their legal rights to put all parties who might be interested in the property on notice of a claim or the possibility of a claim. This by no means constitutes a complete discussion of construction lien law and should not be interpreted as such. Parties seeking to know more about construction laws in their state should always consult their state statutes directly.

Who can file a lien in this state?

Maine law permits any party who performs labor or furnishes labor, or materials, for the purposes of erecting, altering, moving, or repairing, a house or building, including a wharf or pier, by virtue of a contract with the consent of the owner, to claim a lien. M.R.S.A. Â§ 3251.

How long does a party have to file a lien?

The liens mentioned in Â§ 3251- Â§ 3254 may be preserved and enforced by action against the debtor and owner of the property affected by filing an action against the debtor and owner within 120 days after the last labor, services, or materials are provided. M.R.S.A. Â§ 3255.

Are liens assignable?

Maine statutes on construction liens do not specifically speak to whether liens may be assigned to other parties.

Does this state require or provide for a notice from subcontractors and laborers to property owners?

Yes. A party that provides labor, materials, or services without a contract with the property owner risks losing his lien if the property owner sells the property. Although Maine law is extremely complex on this issue, as a general rule, when a party provides labor, materials, or services to a property owner without a contract with the owner (hereinafter called subcontractor), that party is generally entitled to a lien for the value of labor, materials, or services provided. However, the owner is entitled to claim as a defense that the subcontractor is only entitled to a lien for the amount of the balance remaining due on the contract between the owner and the principal contractor. This defense only applies, however, to sums paid from the owner to the contractor before the subcontractor files suit or provides a Notice to Owner. This Notice communicates to the owner that the owner has a responsibility to ensure that the subcontractor is paid or the owner may be required to pay the amount due twice.

In addition, Maine law states that If a party provides labor, materials, or services, without a contract with the property owner, that owner may use a written notice to deny responsibility for the improvements. However, Maine law allows a party to file a Notice of Furnishing within ninety (90) days after he ceases to provide labor, materials, or services. This Notice will preserve the lien claimant's lien and must be filed with the register of deeds.

Does this state require or provide for a notice from the property owner to the contractor, subcontractor, or laborers?

No. Maine statutes do not require property owners to provide notices to contractors, subcontractors, or laborers.

Does this state require a notice prior to starting work, or after work has been completed?

No. Maine statutes do not require a Notice of Commencement or a Notice of Completion as required in some other states.

Does this state permit a person with an interest in property to deny responsibility for improvements?

Yes. If labor, materials, or services were not furnished by a contract with the owner of the property affected, the owner may prevent a lien by giving written notice that the owner will not be held responsible. M.R.S.A. Â§ 3252.

However, the lien claimant may preserve his lien by filing a Notice of Furnishing.

Is a notice attesting to the satisfaction of a lien provided for or required?

No. Maine law does not require a party who has had their lien satisfied to provide or file a Notice of Satisfaction. However, please see ME-08-09 Release of Lien as an example of a form that could be used by a lien holder to provide a property owner with documentation that the lien has been satisfied after payment in full.

By what method does the law of this state permit the release of a lien?

As stated above, Maine statutes have no specific provision for the release of a lien. However, please see M.R.S.A. Â§ 3263, regarding the filing of a petition by the property owner requesting that the court order the lien holder to accept a bond and release the lien.