This Conditional Waiver and Release of Claim of Lien Upon Final Payment 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 particular 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 described work, and if these 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.
A Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment is a legal document that allows contractors, subcontractors, or suppliers involved in construction projects in Gresham, Oregon, to release their right to file a lien on a property once they receive final payment for their work. This waiver ensures that all parties involved in the construction project are protected and secure in receiving their rightful compensation. There are different types of Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment, which may vary depending on various factors or circumstances. These types include: 1. Conditional Waiver: This type of waiver is commonly used when the payment for the services or materials provided is still pending. It indicates that the claimant will release their right to file a lien upon receiving the final payment; however, it is still conditional upon the said payment being made and cleared. 2. Unconditional Waiver: An unconditional waiver is used when the contractor, subcontractor, or supplier has already received their final payment. By signing this waiver, they permanently relinquish their right to file a lien on the property, regardless of any possible future disputes or issues. 3. Partial Conditional Waiver: In cases where a construction project involves multiple stages or phases, a partial conditional waiver may be utilized. This waiver enables the claimant to release their lien rights for a specific progress payment or a partial amount, depending on the agreed-upon terms. 4. Final Payment Conditional Waiver: This type of waiver is applicable only when the final payment for the construction project is due. By signing this document, the claimant ensures that they will not file a lien on the property once they receive the final payment. It is crucial to understand the specific type of Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment required for your situation and consult with legal professionals to ensure compliance with local regulations and protect your rights. Always seek proper advice and ensure all necessary parties sign the appropriate waiver to safeguard your interests and avoid any legal complications.A Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment is a legal document that allows contractors, subcontractors, or suppliers involved in construction projects in Gresham, Oregon, to release their right to file a lien on a property once they receive final payment for their work. This waiver ensures that all parties involved in the construction project are protected and secure in receiving their rightful compensation. There are different types of Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment, which may vary depending on various factors or circumstances. These types include: 1. Conditional Waiver: This type of waiver is commonly used when the payment for the services or materials provided is still pending. It indicates that the claimant will release their right to file a lien upon receiving the final payment; however, it is still conditional upon the said payment being made and cleared. 2. Unconditional Waiver: An unconditional waiver is used when the contractor, subcontractor, or supplier has already received their final payment. By signing this waiver, they permanently relinquish their right to file a lien on the property, regardless of any possible future disputes or issues. 3. Partial Conditional Waiver: In cases where a construction project involves multiple stages or phases, a partial conditional waiver may be utilized. This waiver enables the claimant to release their lien rights for a specific progress payment or a partial amount, depending on the agreed-upon terms. 4. Final Payment Conditional Waiver: This type of waiver is applicable only when the final payment for the construction project is due. By signing this document, the claimant ensures that they will not file a lien on the property once they receive the final payment. It is crucial to understand the specific type of Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment required for your situation and consult with legal professionals to ensure compliance with local regulations and protect your rights. Always seek proper advice and ensure all necessary parties sign the appropriate waiver to safeguard your interests and avoid any legal complications.
