Texas Unconditional Waiver and Release of Lien on Final Payment by a corporation or LLC Claimaint

• Category: Construction - Liens
• State: Texas
• Control #: TX-08A-09
• Format: Word; Rich Text

Description Tx Final Payment

This form is used by a corporation or LLC in a situation where the claimant is required to execute a waiver and release in exchange for or in order to induce payment of a final payment and the claimant asserts in the waiver that it has been paid the final payment.

Texas Unconditional Waiver and Release of Lien on Final Payment by a corporation or LLC Claimant is a document used in the state of Texas for contractors, subcontractors, and suppliers to waive their lien rights and release their claim to a particular project when they are paid their final payment. This document is used to protect the property owner from any possible future lien claims from the contractor, subcontractor, or supplier. There are three main types of Texas Unconditional Waiver and Release of Lien on Final Payment by a corporation or LLC Claimant: a Regular Unconditional Waiver and Release of Lien on Final Payment, a Partial Unconditional Waiver and Release of Lien on Final Payment, and a Conditional Waiver and Release of Lien on Final Payment. The Regular Unconditional Waiver and Release of Lien on Final Payment is used when a contractor has been paid their full and final payment and is waiving their lien rights and releasing their claim to the project. The Partial Unconditional Waiver and Release of Lien on Final Payment is used when a contractor has been partially paid and is waiving their lien rights and releasing their claim to the project. The Conditional Waiver and Release of Lien on Final Payment is used when a contractor is waiting to receive the remaining balance of their payment before they will waive their lien rights and release their claim to the project.