This Conditional Waiver and Release of Lien Upon Progress Payment form is for use by a lienor, in consideration of a sum of money 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 customer on the job of an owner of property. This Conditional Waiver and Release of Lien Upon Progress Payment is conditioned upon the lienor receiving collected funds for the work described herein, and if such funds are not received within a specific number of days of the date of this waiver, this Conditional Waiver and Release of Lien is void.
The Manchester New Hampshire Conditional Waiver and Release of Lien Upon Progress Payment is a legal document used in the construction industry to ensure timely and proper payment for work completed on a construction project. This waiver acts as a receipt for partial payment and a release of the claimant's right to place a lien on the property for the amount paid. Keywords: Manchester New Hampshire, conditional waiver and release of lien, progress payment, construction industry, partial payment, claimant's right, property lien. There are different types of Manchester New Hampshire Conditional Waiver and Release of Lien Upon Progress Payment, including: 1. Conditional Waiver and Release Upon Progress Payment: This type of waiver is used when a partial payment is made to the claimant, and it acknowledges receipt of the payment while also confirming that the claimant reserves the right to claim any remaining balance. 2. Unconditional Waiver and Release Upon Progress Payment: This type of waiver is used when a partial payment is made, and it acknowledges receipt of the payment while also releasing the claimant from any further claims related to the specific payment. 3. Final Conditional Waiver and Release Upon Progress Payment: This waiver is used when the final payment is made for a construction project, and it acknowledges receipt of the final payment while reserving the right to claim any other outstanding amounts. 4. Final Unconditional Waiver and Release Upon Progress Payment: This waiver is used when the final payment is made, and it acknowledges receipt of the final payment while releasing the claimant from any further claims related to the project. It is important to carefully consider the specific waiver form to use based on the payment received and the stage of the construction project. Consulting with legal professionals experienced in construction law is highly recommended ensuring the waiver accurately reflects the payment terms and protects the rights of all parties involved.
