This Conditional Waiver and Release of Lien Upon Final Payment form is for use by a lienor, in consideration of final payment to waive and release his or her lien and right to claim a lien for labor, services or materials furnished through a certain date to a customer on the job of an owner of property. This Conditional Waiver and Release of Lien Upon Final Payment is conditioned upon the lienor receiving collected funds for the work described, 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 Nassau New York Conditional Waiver and Release of Lien Upon Final Payment is a legal document used in construction projects to protect contractors and subcontractors when they have received full payment for their work. This waiver acts as a guarantee that the contractor has no intention of pursuing a lien against the property in the future. There are various types of Nassau New York Conditional Waiver and Release of Lien Upon Final Payment, tailored to different situations that may arise in a construction project. These include: 1. Conditional Waiver and Release of Lien Upon Final Payment for Contractors: This type of waiver is specifically designed for contractors who have completed their work on a construction project and have received full payment from the property owner or the general contractor. By signing this waiver, the contractor confirms that they have no further claim on the property and agree not to file a lien. 2. Conditional Waiver and Release of Lien Upon Final Payment for Subcontractors: Subcontractors who have completed their portion of work on a project and have been paid in full by either the general contractor or the property owner can utilize this waiver. This document acknowledges that the subcontractor has no lingering lien rights and will not take further legal action against the property. 3. Conditional Waiver and Release of Lien Upon Final Payment for Suppliers: This particular waiver is utilized by suppliers who have delivered the necessary materials for a construction project and have been compensated in full by either the general contractor or the property owner. By signing this waiver, suppliers relinquish any potential lien rights they may have had and agree not to pursue further legal actions. 4. Conditional Waiver and Release of Lien Upon Final Payment for Design Professionals: Design professionals such as architects or engineers who have completed their services in a construction project can employ this waiver. It certifies that they have received full payment and have no intention of filing a lien against the property. The Nassau New York Conditional Waiver and Release of Lien Upon Final Payment safeguards the rights of contractors, subcontractors, suppliers, and design professionals, ensuring they are adequately compensated for their work without the need for legal disputes or liens. By using these waivers, parties involved in a construction project can establish clear boundaries and protect their interests, promoting a smoother and more collaborative working relationship.The Nassau New York Conditional Waiver and Release of Lien Upon Final Payment is a legal document used in construction projects to protect contractors and subcontractors when they have received full payment for their work. This waiver acts as a guarantee that the contractor has no intention of pursuing a lien against the property in the future. There are various types of Nassau New York Conditional Waiver and Release of Lien Upon Final Payment, tailored to different situations that may arise in a construction project. These include: 1. Conditional Waiver and Release of Lien Upon Final Payment for Contractors: This type of waiver is specifically designed for contractors who have completed their work on a construction project and have received full payment from the property owner or the general contractor. By signing this waiver, the contractor confirms that they have no further claim on the property and agree not to file a lien. 2. Conditional Waiver and Release of Lien Upon Final Payment for Subcontractors: Subcontractors who have completed their portion of work on a project and have been paid in full by either the general contractor or the property owner can utilize this waiver. This document acknowledges that the subcontractor has no lingering lien rights and will not take further legal action against the property. 3. Conditional Waiver and Release of Lien Upon Final Payment for Suppliers: This particular waiver is utilized by suppliers who have delivered the necessary materials for a construction project and have been compensated in full by either the general contractor or the property owner. By signing this waiver, suppliers relinquish any potential lien rights they may have had and agree not to pursue further legal actions. 4. Conditional Waiver and Release of Lien Upon Final Payment for Design Professionals: Design professionals such as architects or engineers who have completed their services in a construction project can employ this waiver. It certifies that they have received full payment and have no intention of filing a lien against the property. The Nassau New York Conditional Waiver and Release of Lien Upon Final Payment safeguards the rights of contractors, subcontractors, suppliers, and design professionals, ensuring they are adequately compensated for their work without the need for legal disputes or liens. By using these waivers, parties involved in a construction project can establish clear boundaries and protect their interests, promoting a smoother and more collaborative working relationship.
