This Conditional Waiver and Release of Lien Upon Progress Payment form is for use by a lienor, in consideration of a certain 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 a 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, and if such funds are not received within a certain number of days of the date of this waiver, this Conditional Waiver and Release of Lien is void.
Queens New York Conditional Waiver and Release of Lien Upon Progress Payment is a legal document used in construction projects to release a lien on a property in Queens, New York upon receiving a progress payment. This waiver ensures that the contractor or subcontractor agrees to waive their right to file a lien against the property for the amount of the payment received. The document is crucial in protecting the property owner from any future claims related to unpaid services or materials. The Queens New York Conditional Waiver and Release of Lien Upon Progress Payment can be categorized into two types, each serving a specific purpose: 1. Conditional Waiver and Release of Lien Upon Progress Payment: This waiver is used when a progress payment is made by the property owner to the contractor or subcontractor. By signing this document, the contractor acknowledges receiving the payment and agrees not to place or enforce a lien on the property for the amount of the payment made. 2. Unconditional Waiver and Release of Lien Upon Progress Payment: This type of waiver is executed when the contractor or subcontractor has received the final payment or when the project is complete. By signing this waiver, the contractor confirms receiving the full payment and relinquishes all rights to file a lien on the property. Keywords: Queens New York, conditional waiver, release of lien, progress payment, construction projects, legal document, property owner, contractor, subcontractor, unpaid services, materials, protect, claims, unconditional waiver, final payment, project completion.Queens New York Conditional Waiver and Release of Lien Upon Progress Payment is a legal document used in construction projects to release a lien on a property in Queens, New York upon receiving a progress payment. This waiver ensures that the contractor or subcontractor agrees to waive their right to file a lien against the property for the amount of the payment received. The document is crucial in protecting the property owner from any future claims related to unpaid services or materials. The Queens New York Conditional Waiver and Release of Lien Upon Progress Payment can be categorized into two types, each serving a specific purpose: 1. Conditional Waiver and Release of Lien Upon Progress Payment: This waiver is used when a progress payment is made by the property owner to the contractor or subcontractor. By signing this document, the contractor acknowledges receiving the payment and agrees not to place or enforce a lien on the property for the amount of the payment made. 2. Unconditional Waiver and Release of Lien Upon Progress Payment: This type of waiver is executed when the contractor or subcontractor has received the final payment or when the project is complete. By signing this waiver, the contractor confirms receiving the full payment and relinquishes all rights to file a lien on the property. Keywords: Queens New York, conditional waiver, release of lien, progress payment, construction projects, legal document, property owner, contractor, subcontractor, unpaid services, materials, protect, claims, unconditional waiver, final payment, project completion.
