Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment

• Category: Missouri Liens - Construction - Mechanics
• State: Missouri
• City: Kansas City
• Control #: MO-08-09
• Format: Word; Rich Text

Description

This Unconditional Waiver and Release of Lien Upon Progress Payment form is for use by a lienor, in consideration of the sum of a certain amount of money to waive and release his or her lien and right to claim a lien for labor, services or materials furnished through a particular date to a customer on the job of the owner of the property. Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment is a legal document used in the construction industry to provide assurance that a contractor or subcontractor will not place a lien on the property in question. By signing this waiver, the party acknowledges that they have received a progress payment and waives their right to place a lien on the property for that specific payment. This unconditional waiver is typically used when a progress payment has been made and the contractor or subcontractor wants to release their lien rights for that specific payment. It is an important document that protects property owners from unexpected liens and ensures the smooth progress of construction projects. The Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment is a vital part of the payment process in the construction industry. It assures property owners and lenders that they will not face any financial repercussions due to unpaid contractors or subcontractors. This document is generally executed upon receipt of a progress payment and is an effective way to document and enforce payment agreements. Different types of Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment include: 1. Unconditional Partial Waiver and Release of Lien Upon Progress Payment: This waiver is used when a partial payment has been made by the property owner or general contractor. It releases the lien on the property for the specific amount mentioned in the waiver, indicating that the contractor or subcontractor has been paid for that portion of the work. 2. Unconditional Final Waiver and Release of Lien Upon Progress Payment: This waiver is executed when the final payment for a construction project has been made. It effectively releases any remaining lien rights upon the property and signifies the completion of payment obligations. 3. Unconditional Waiver and Release of Lien Upon Progress Payment for Subcontractors: This type of waiver is specific to subcontractors, who release their lien rights upon receiving a progress payment from the general contractor. It assures the general contractor and property owner that the subcontractor will not place a lien on the property for the amount paid. In summary, the Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment is a crucial document within the construction industry. It safeguards the interests of property owners, contractors, and subcontractors, ensuring a transparent and smooth payment process. Whether it is a partial, final, or subcontractor-specific waiver, these legal documents play a vital role in the construction payment process in Kansas City, Missouri.

Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment is a legal document used in the construction industry to provide assurance that a contractor or subcontractor will not place a lien on the property in question. By signing this waiver, the party acknowledges that they have received a progress payment and waives their right to place a lien on the property for that specific payment. This unconditional waiver is typically used when a progress payment has been made and the contractor or subcontractor wants to release their lien rights for that specific payment. It is an important document that protects property owners from unexpected liens and ensures the smooth progress of construction projects. The Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment is a vital part of the payment process in the construction industry. It assures property owners and lenders that they will not face any financial repercussions due to unpaid contractors or subcontractors. This document is generally executed upon receipt of a progress payment and is an effective way to document and enforce payment agreements. Different types of Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment include: 1. Unconditional Partial Waiver and Release of Lien Upon Progress Payment: This waiver is used when a partial payment has been made by the property owner or general contractor. It releases the lien on the property for the specific amount mentioned in the waiver, indicating that the contractor or subcontractor has been paid for that portion of the work. 2. Unconditional Final Waiver and Release of Lien Upon Progress Payment: This waiver is executed when the final payment for a construction project has been made. It effectively releases any remaining lien rights upon the property and signifies the completion of payment obligations. 3. Unconditional Waiver and Release of Lien Upon Progress Payment for Subcontractors: This type of waiver is specific to subcontractors, who release their lien rights upon receiving a progress payment from the general contractor. It assures the general contractor and property owner that the subcontractor will not place a lien on the property for the amount paid. In summary, the Kansas City Missouri Unconditional Waiver and Release of Lien Upon Progress Payment is a crucial document within the construction industry. It safeguards the interests of property owners, contractors, and subcontractors, ensuring a transparent and smooth payment process. Whether it is a partial, final, or subcontractor-specific waiver, these legal documents play a vital role in the construction payment process in Kansas City, Missouri.

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