Jurupa Valley California Unconditional Waiver and Release Upon Final Payment

• Category: California Liens - Construction - Mechanics
• State: California
• City: Jurupa Valley
• Control #: CA-LIEN-6
• Format: Word; Rich Text

Description

Unconditional Waiver and Release upon Final Payment: This form releases the owner of a parcel of land, of any liens he/ she may have had placed on the land by a materialman. The release is issued as a consequence of the payment in full, which was agreed upon, in either their written or oral contract. This form is available in either Word or Rich Text format.

Jurupa Valley, California Unconditional Waiver and Release Upon Final Payment is a legal document used in the construction industry to protect the rights of contractors, subcontractors, and suppliers. This waiver serves as proof that the claimant has received full and final payment for the work performed or materials supplied. The purpose of the Jurupa Valley Unconditional Waiver and Release Upon Final Payment is to prevent the claimant from filing a mechanics lien or any other legal claim against the property owner or the construction project. By signing this document, the claimant acknowledges that they have received the agreed-upon payment and relinquishes all rights to make further claims. There are several types of unconditional waiver and release forms that can be used in Jurupa Valley, California, depending on the stage of the project and the type of payment involved: 1. Conditional Waiver and Release Upon Progress Payment: This waiver is used when a partial payment is made during the course of the construction project. By signing this document, the claimant waives their right to file a claim for the amount stated in the waiver, provided that the payment is successfully processed. 2. Unconditional Waiver and Release Upon Progress Payment: Similar to the conditional waiver, this form is used when a partial payment is made. However, unlike the conditional waiver, the claimant waives all rights to make further claims against the property owner or the project, regardless of whether the payment is successfully processed. 3. Conditional Waiver and Release Upon Final Payment: This waiver is utilized when the final payment is made and the project is nearing completion. The claimant agrees to waive their right to make a claim for the final payment amount, subject to the successful processing of the payment. 4. Unconditional Waiver and Release Upon Final Payment: The unconditional waiver and release upon final payment is the most comprehensive form, indicating that the claimant has received the final payment and has no further claims against the property owner or the construction project. It is crucial for both parties, the claimant and the property owner, to understand the specific type of waiver being used to ensure proper execution and compliance with Jurupa Valley's construction laws. Seeking legal advice or consulting with professionals who specialize in construction documentation is highly recommended ensuring the correct documentation is used to meet the project's requirements.

Law summary