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.
Rochester New York Conditional Waiver and Release of Lien Upon Progress Payment is a legal document that represents an agreement between parties involved in a construction project. This waiver serves as a means to protect the interests of contractors and subcontractors by establishing a conditional release of their lien rights upon receiving progress payments. A conditional waiver and release of lien form in Rochester, New York, typically includes important details such as the project's location, the names and addresses of all parties involved (including the owner, contractor, and subcontractors), the contract amount, and the dates for which the waiver is valid. This document acknowledges the receipt of a specific payment and, upon successful clearance, relinquishes the lien rights of the party signing the form. There are different types of Rochester New York Conditional Waiver and Release of Lien Upon Progress Payment, namely: 1. Conditional Waiver and Release of Lien for Progress Payment: This type of waiver indicates that the contractor or subcontractor has received a progress payment from the owner or general contractor. However, the waiver is conditioned upon the successful clearance and collection of the payment. 2. Unconditional Waiver and Release of Lien Upon Progress Payment: This waiver type signifies that the contractor or subcontractor has received the progress payment, and it waives their lien rights without any condition. Signing this form implies that the payment has been cleared and satisfied. 3. Partial Conditional Waiver and Release of Lien Upon Progress Payment: This specific variation of the waiver acknowledges the receipt of a partial payment for the work completed and releases the lien rights concerning that partial payment. It allows contractors and subcontractors to maintain their lien rights for the remaining balance or future payments. 4. Final Conditional Waiver and Release of Lien Upon Progress Payment: This type of waiver signifies that the contractor or subcontractor has received the final payment for the project or a specific phase. By signing this form, they conditionally release their lien rights upon the successful clearance and collection of the final payment. It is crucial for all parties involved in construction projects to understand the purpose and implications of the Rochester New York Conditional Waiver and Release of Lien Upon Progress Payment. These documents protect the interests of contractors and subcontractors by ensuring timely payments while enabling project owners to establish a clear payment record and mitigate potential lien disputes. Always consult with legal professionals to ensure compliance with relevant laws and regulations.Rochester New York Conditional Waiver and Release of Lien Upon Progress Payment is a legal document that represents an agreement between parties involved in a construction project. This waiver serves as a means to protect the interests of contractors and subcontractors by establishing a conditional release of their lien rights upon receiving progress payments. A conditional waiver and release of lien form in Rochester, New York, typically includes important details such as the project's location, the names and addresses of all parties involved (including the owner, contractor, and subcontractors), the contract amount, and the dates for which the waiver is valid. This document acknowledges the receipt of a specific payment and, upon successful clearance, relinquishes the lien rights of the party signing the form. There are different types of Rochester New York Conditional Waiver and Release of Lien Upon Progress Payment, namely: 1. Conditional Waiver and Release of Lien for Progress Payment: This type of waiver indicates that the contractor or subcontractor has received a progress payment from the owner or general contractor. However, the waiver is conditioned upon the successful clearance and collection of the payment. 2. Unconditional Waiver and Release of Lien Upon Progress Payment: This waiver type signifies that the contractor or subcontractor has received the progress payment, and it waives their lien rights without any condition. Signing this form implies that the payment has been cleared and satisfied. 3. Partial Conditional Waiver and Release of Lien Upon Progress Payment: This specific variation of the waiver acknowledges the receipt of a partial payment for the work completed and releases the lien rights concerning that partial payment. It allows contractors and subcontractors to maintain their lien rights for the remaining balance or future payments. 4. Final Conditional Waiver and Release of Lien Upon Progress Payment: This type of waiver signifies that the contractor or subcontractor has received the final payment for the project or a specific phase. By signing this form, they conditionally release their lien rights upon the successful clearance and collection of the final payment. It is crucial for all parties involved in construction projects to understand the purpose and implications of the Rochester New York Conditional Waiver and Release of Lien Upon Progress Payment. These documents protect the interests of contractors and subcontractors by ensuring timely payments while enabling project owners to establish a clear payment record and mitigate potential lien disputes. Always consult with legal professionals to ensure compliance with relevant laws and regulations.
