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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.

The two progress payment forms now use the term Through Date, which indicates the date through which the claimant has provided labor, services or materials which are covered by the release, subject to the stated exceptions.

Conditional Lien Waivers This means they are owed the money and will waive their lien rights once payment has been received. These waivers are often used as a form to show agreement on the amount owed for a certain time period. The waiver states the amount due and the date that amount covers.

How to Fill Out The Conditional Final Payment Waiver FormName 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.Amount of the Check.Check Payable To.Exceptions.Claimant's Signature.More items...?Jul 22, 2020

A conditional lien waiver on final payment indicates that a claimant waives all rights to place a lien if all payments have been received as requested and no stopped payments or returned checks have been involved. This is the safest type of lien waiver for owners.

Types of Lien Waivers Typically, conditional lien waivers are submitted with every contractor and vendor invoice, while unconditional lien waivers are signed by these parties upon receipt of payment. Both types of waivers have two subcategories: waivers on progress payment and waivers on final payment.

An "Unconditional Waiver and Release Upon Progress Payment" discharges all claimant rights through a specific date with no stipulations. 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.