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.
Lakeland Florida Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LLC is a legal document that outlines the agreement between a corporation or limited liability company (LLC) in Lakeland, Florida, and a property owner or general contractor. This waiver acts as evidence that the corporation or LLC has received full payment for the work or services provided, and it releases any lien rights on the property. Keywords: Lakeland Florida, conditional waiver and release of lien, final payment, corporation, LLC, property owner, general contractor, legal document, lien rights. There are several types of Lakeland Florida Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LLC, which are variations based on different factors, such as timings and parties involved. These types include: 1. Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LL— - Non-Conditional Progress Payment. This type of waiver is applicable when a corporation or LLC receives a progress payment during a construction project and wants to waive and release any lien rights upon receiving the final payment. 2. Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LL— - Conditional Progress Payment. This type of waiver is utilized when a corporation or LLC receives a progress payment but wants to conditionally waive and release its lien rights upon final payment, subject to certain conditions, such as payment clearance or specific terms mentioned in the agreement. 3. Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LL— - Full Payment. This type of waiver is executed when the corporation or LLC has received the full payment for the completed work or services provided. It acts as evidence of the payment made and releases any lien rights on the property. 4. Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LL— - Partial Payment. This type of waiver enables corporations or LCS to waive and release lien rights upon receiving a partial payment, while still retaining their lien rights for the remaining amount until full payment is received. These variations of the Lakeland Florida Conditional Waiver and Release of Lien Upon Final Payment — Corporation or LLC ensure that both parties involved in a construction project or services agreement have a clear understanding of the payment terms, and provide legal protection for the corporation or LLC as well as the property owner or general contractor.
