Washington Release of Lien for Materials

• Category: Liens - Releases and Waivers
• State: Multi-State
• Control #: US-01775-AZ-4
• Format: Word; Rich Text

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contra A Washington Release of Lien for Materials is a legal document used to release a lien on a property or real estate for which payment has been made for materials provided by a supplier or vendor. This document is vital in clarifying that the supplier holds no further claim or interest in the property and confirms the full settlement of the debt owed. In Washington State, there are two primary types of Releases of Lien for Materials: 1. Partial Release of Lien for Materials: This type of release is used when a partial payment has been made, covering a portion of the total amount owed. It signifies that the supplier has received part of the payment and releases the lien against the property up to the amount paid. The document must list specific details such as the amount paid, the remaining balance, the property owner's information, and a clear description of the materials supplied. 2. Full Release of Lien for Materials: A full release is issued when the entire amount owed for materials has been paid in full. It serves as a formal acknowledgment that the supplier has received complete payment for the materials provided and relinquishes any claim to a lien. The document must include details such as the total amount paid, the property owner's details, and a comprehensive description of the materials supplied. It is crucial to note that both types of releases in Washington State must be notarized and recorded in the county where the property is located. The recorded release protects both the property owner and the supplier against any future disputes or claims. In conclusion, a Washington Release of Lien for Materials is a legally binding document that ensures suppliers receive their rightful payment and releases any claim on a property once the debt for materials has been settled. Whether it's a partial or full release, these documents play a significant role in maintaining transparency and protecting the rights of all parties involved in the construction or furnishing process.

A Washington Release of Lien for Materials is a legal document used to release a lien on a property or real estate for which payment has been made for materials provided by a supplier or vendor. This document is vital in clarifying that the supplier holds no further claim or interest in the property and confirms the full settlement of the debt owed. In Washington State, there are two primary types of Releases of Lien for Materials: 1. Partial Release of Lien for Materials: This type of release is used when a partial payment has been made, covering a portion of the total amount owed. It signifies that the supplier has received part of the payment and releases the lien against the property up to the amount paid. The document must list specific details such as the amount paid, the remaining balance, the property owner's information, and a clear description of the materials supplied. 2. Full Release of Lien for Materials: A full release is issued when the entire amount owed for materials has been paid in full. It serves as a formal acknowledgment that the supplier has received complete payment for the materials provided and relinquishes any claim to a lien. The document must include details such as the total amount paid, the property owner's details, and a comprehensive description of the materials supplied. It is crucial to note that both types of releases in Washington State must be notarized and recorded in the county where the property is located. The recorded release protects both the property owner and the supplier against any future disputes or claims. In conclusion, a Washington Release of Lien for Materials is a legally binding document that ensures suppliers receive their rightful payment and releases any claim on a property once the debt for materials has been settled. Whether it's a partial or full release, these documents play a significant role in maintaining transparency and protecting the rights of all parties involved in the construction or furnishing process.