This Conditional Waiver and Release of Lien Upon Final Payment form is for use by a corporateor LLC lienor to waive and release its lien and right to claim a lien for labor, services or materials furnished in consideration of final payment. This waiver is conditional upon the lienor receiving final payment for its work, and if funds are not received, the waiver is void.
A Conditional Waiver and Release of Lien Upon Final Payment is an important legal document used in the construction industry in Fort Lauderdale, Florida, specifically for corporations or limited liability companies (LCS). This document serves to protect the interests of the corporation or LLC by waiving any potential lien claims against a property or project upon the receipt of final payment. There are several types of Conditional Waiver and Release of Lien Upon Final Payment available for corporations or LCS in Fort Lauderdale, Florida, each catering to specific scenarios or requirements. These include: 1. Standard Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LLC: This is a general-purpose document that releases any potential lien claims upon receipt of final payment from the property owner or general contractor. It provides a level of reassurance to all parties involved in a construction project. 2. Conditional Waiver and Release of Lien Upon Final Payment with Exceptions — Corporation or LLC: This type of waiver includes exceptions for specific items or services that have not been fully paid or resolved. It ensures that the release of lien only applies to the mentioned exceptions while still protecting the corporation or LLC for the remaining portions of the project. 3. Conditional Waiver and Release of Lien Upon Final Payment — Final Contractor or Subcontractor's Final Payment Affidavit — Corporation or LLC: This variant of the waiver is commonly used by contractors or subcontractors. It allows for the release of lien upon the receipt of final payment from the property owner, known as the final contractor's payment affidavit. This document is crucial in finalizing all financial aspects related to the project. 4. Conditional Waiver and Release of Lien Upon Final Payment — Contractor or Subcontractor and Others on Behalf of Owner — Corporation or LLC: This type of waiver is used when multiple entities or individuals have an interest in the property or project. It requires each party involved to release their lien claims upon the receipt of final payment, protecting the corporation or LLC from potential future disputes. These Fort Lauderdale Florida Conditional Waiver and Release of Lien Upon Final Payment forms help facilitate smooth transactions in the construction industry, protecting corporations or LCS from potential lien claims while ensuring transparency and agreement between all parties involved. It is advisable to consult with a qualified attorney to ensure the accuracy and legality of these documents in accordance with the specific circumstances of the project.
