This Waiver And Release Of Lien Upon Progress Payment form is for use by an individual lienor to waive and release his or her lien and right to claim a lien for labor, services or materials furnished through a specific date to a customer on the job of the owner of property.
Fort Lauderdale, Florida Waiver and Release of Lien upon Progress Payment Form Constructionio— - Mechanic Liens - Individual The Fort Lauderdale, Florida Waiver and Release of Lien upon Progress Payment Form is a legal document often used in the construction industry to ensure the timely release of payment to contractors or subcontractors for work completed. Mechanic liens, also known as construction liens, are legal claims filed by contractors, suppliers, or laborers against a property to secure payment for the provided services or materials. This waiver and release form is specifically designed for individual contractors or subcontractors working on construction projects in Fort Lauderdale, Florida. It protects their rights to payment for completed work, materials, or services rendered. The form acts as a legal agreement between the contractor or subcontractor and the property owner or general contractor, confirming that the contractor or subcontractor has received the agreed-upon payment and therefore waives their right to file a lien against the property. The Fort Lauderdale, Florida Waiver and Release of Lien upon Progress Payment Form typically includes the following key components: 1. Construction project details: The form includes essential project information such as the property's address, project owner's name, and general contractor's name (if applicable). 2. Contractor/subcontractor information: This section requires the individual contractor or subcontractor to provide their relevant details, including their legal name, address, and contact information. 3. Description of work performed: The form requires the contractor or subcontractor to provide a detailed description of the work they have completed or the materials/services provided. 4. Payment details: Contractors or subcontractors must specify the amount of payment they have received for the completed work. This ensures transparency regarding the progress and payment status of the project. 5. Waiver and release of lien: By signing the form, the individual contractor or subcontractor acknowledges receipt of payment and relinquishes their right to file a lien against the property for the work performed or materials/services provided. Other types of Fort Lauderdale, Florida Waiver and Release of Lien upon Progress Payment Forms may include those for: Constructionio— - Mechanic Liens - General Contractors Constructionio— - Mechanic Liens - Subcontractors Constructionctio— - Mechanic Liens - Suppliers — Constructio— - Mechanic Liens - Laborers Each type of form is tailored to the specific role and responsibilities of the parties involved in the construction project. It is crucial for contractors, subcontractors, property owners, and general contractors to understand the variation in these forms and select the appropriate one to protect their rights and ensure fair compensation for work completed.
