Grand Rapids Michigan Partial Unconditional Waiver of Lien - Individual

• Category: Michigan Liens - Construction - Mechanics
• State: Michigan
• City: Grand Rapids
• Control #: MI-08-09
• Format: Word; Rich Text

Description

This form is supplied by a contractor, subcontractor, or supplier, whenever payment is made. It serves as a receipt for payment and serves as notice to the property owner that construction lien rights are being waived. A Grand Rapids Michigan Partial Unconditional Waiver of Lien — Individual is a legal document used in construction projects to release a portion of a contractor or subcontractor's right to place a lien on a property. This waiver is applicable only in the state of Michigan and is typically signed by an individual contractor or subcontractor who has completed a portion of the work on a property but has not yet been fully compensated. The purpose of this waiver is to provide assurance to the property owner or general contractor that the individual contractor or subcontractor will not file a lien on the property for the amount of the partial payment received. By signing this document, the individual contractor or subcontractor acknowledges that they have been paid a specific amount for the work performed and that they waive their right to place a lien on the property for that specific payment. There are several types of Grand Rapids Michigan Partial Unconditional Waiver of Lien — Individual: 1. Partial Unconditional Waiver of Lien for Progress Payment: This waiver is used when a contractor or subcontractor receives a partial payment for the work completed to date. It indicates that the individual contractor or subcontractor has been paid for the specific portion of the work and releases their right to place a lien on the property for that payment. 2. Partial Unconditional Waiver of Lien for Final Payment: This type of waiver is used when a contractor or subcontractor receives the final payment for the project. By signing this waiver, the individual contractor or subcontractor acknowledges that they have received their full payment and waives their right to place a lien on the property for the final amount. It is important to note that a Grand Rapids Michigan Partial Unconditional Waiver of Lien — Individual is a legal document and should be carefully reviewed before signing. It is recommended to consult with an attorney or legal professional to ensure that the waiver accurately reflects the payment received and the intention to release the right to place a lien on the property.

A Grand Rapids Michigan Partial Unconditional Waiver of Lien — Individual is a legal document used in construction projects to release a portion of a contractor or subcontractor's right to place a lien on a property. This waiver is applicable only in the state of Michigan and is typically signed by an individual contractor or subcontractor who has completed a portion of the work on a property but has not yet been fully compensated. The purpose of this waiver is to provide assurance to the property owner or general contractor that the individual contractor or subcontractor will not file a lien on the property for the amount of the partial payment received. By signing this document, the individual contractor or subcontractor acknowledges that they have been paid a specific amount for the work performed and that they waive their right to place a lien on the property for that specific payment. There are several types of Grand Rapids Michigan Partial Unconditional Waiver of Lien — Individual: 1. Partial Unconditional Waiver of Lien for Progress Payment: This waiver is used when a contractor or subcontractor receives a partial payment for the work completed to date. It indicates that the individual contractor or subcontractor has been paid for the specific portion of the work and releases their right to place a lien on the property for that payment. 2. Partial Unconditional Waiver of Lien for Final Payment: This type of waiver is used when a contractor or subcontractor receives the final payment for the project. By signing this waiver, the individual contractor or subcontractor acknowledges that they have received their full payment and waives their right to place a lien on the property for the final amount. It is important to note that a Grand Rapids Michigan Partial Unconditional Waiver of Lien — Individual is a legal document and should be carefully reviewed before signing. It is recommended to consult with an attorney or legal professional to ensure that the waiver accurately reflects the payment received and the intention to release the right to place a lien on the property.

Law summary