Subcontrator Affidavit and Partial Release of Claims and Lien Waiver

• Category: Affidavits
• State: Multi-State
• Control #: US-S035ST
• Format: Word; Rich Text

Description

This affidavit form is used to partially waive or release a lien, right to claim of lien or claim on any bond for labor, material, or services provided in consideration of payment made by the party receiving the services.

A Subcontractor Affidavit and Partial Release of Claims and Lien Waiver is a legal document used in the construction industry to acknowledge the payment of a subcontractor for their services and release them from any potential future claims. This document is used to ensure that the subcontractor is paid in full for their work and that they will not file any claims against the contractor or property owner in the future. There are two types of Subcontractor Affidavit and Partial Release of Claims and Lien Waiver: an unconditional and a conditional waiver. An unconditional waiver releases the contractor from any potential future claims regardless of the outcome of the project while a conditional waiver releases the contractor only if specific conditions are met, such as the completion of the job within a specified timeline or for a certain amount of money. The subcontractor Affidavit and Partial Release of Claims and Lien Waiver may also include other documents such as a lien waiver, which releases the contractor from any potential future liens being placed against the property.