Texas 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. The Texas Waiver of Lien is a legal document used in the state of Texas to release or waive an individual's right to place a lien on a property. By signing this document, contractors, subcontractors, suppliers, or any individual working on a construction project forfeit their claim to a lien on the property for the amount owed to them for their services or materials provided. There are different types of Texas Waiver of Liens that may be utilized depending on the circumstances of the project. These include: 1. Texas Conditional Waiver and Release on Progress Payment: This type of waiver is commonly used when a partial payment made during the project is being released, usually for work or materials provided up to a specified date. It is important to note that by signing this waiver, the claimant only waives their lien rights for the specific amount mentioned in the document. 2. Texas Unconditional Waiver and Release on Progress Payment: This waiver is similar to the conditional waiver but allows the claimant to fully waive their lien rights upon receiving the progress payment. 3. Texas Conditional Waiver and Release on Final Payment: This waiver is typically used when the project reaches completion or when the final payment is made. It is conditional because the claimant only waives their lien rights once the payment has cleared or when the amount mentioned in the document has been received. 4. Texas Unconditional Waiver and Release on Final Payment: Similar to the conditional waiver, this document allows the claimant to fully waive their lien rights upon receiving the final payment. These Texas Waiver of Lien documents are crucial in protecting property owners from potential liens and ensuring smooth construction or renovation processes. However, it is crucial to consult legal professionals or experts to ensure the proper document is used and to understand the implications of signing a waiver. Failure to use the correct waiver or properly fill out the document might jeopardize one's rights to claim payments owed for their services or materials provided.

The Texas Waiver of Lien is a legal document used in the state of Texas to release or waive an individual's right to place a lien on a property. By signing this document, contractors, subcontractors, suppliers, or any individual working on a construction project forfeit their claim to a lien on the property for the amount owed to them for their services or materials provided. There are different types of Texas Waiver of Liens that may be utilized depending on the circumstances of the project. These include: 1. Texas Conditional Waiver and Release on Progress Payment: This type of waiver is commonly used when a partial payment made during the project is being released, usually for work or materials provided up to a specified date. It is important to note that by signing this waiver, the claimant only waives their lien rights for the specific amount mentioned in the document. 2. Texas Unconditional Waiver and Release on Progress Payment: This waiver is similar to the conditional waiver but allows the claimant to fully waive their lien rights upon receiving the progress payment. 3. Texas Conditional Waiver and Release on Final Payment: This waiver is typically used when the project reaches completion or when the final payment is made. It is conditional because the claimant only waives their lien rights once the payment has cleared or when the amount mentioned in the document has been received. 4. Texas Unconditional Waiver and Release on Final Payment: Similar to the conditional waiver, this document allows the claimant to fully waive their lien rights upon receiving the final payment. These Texas Waiver of Lien documents are crucial in protecting property owners from potential liens and ensuring smooth construction or renovation processes. However, it is crucial to consult legal professionals or experts to ensure the proper document is used and to understand the implications of signing a waiver. Failure to use the correct waiver or properly fill out the document might jeopardize one's rights to claim payments owed for their services or materials provided.