This Unconditional Waiver and Release of Claim 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 particular date to a customer on the job of an owner of property.
Philadelphia Pennsylvania Unconditional Waiver and Release of Claim of Lien Upon Progress Payment is a legal document used in construction or renovation projects to release a claim of lien against a property owner for progress payments made by the owner. This waiver serves as a formal agreement between the contractor or subcontractor providing the services and the property owner. Key Terms: 1. Philadelphia: Philadelphia is the largest city in the Commonwealth of Pennsylvania, known for its rich history, cultural attractions, and vibrant arts scene. 2. Unconditional Waiver: An unconditional waiver means that the contractor or subcontractor gives up their right to file a lien against the property owner, regardless of whether they receive full payment for the work completed. 3. Release of Claim of Lien: This document relieves any potential claim of lien against the property by the contractor or subcontractor upon receiving progress payments from the owner. 4. Progress Payment: Progress payments are partial payments made by the property owner to the contractor or subcontractor for the completed work or services rendered during the course of a construction project. Types of Philadelphia Pennsylvania Unconditional Waiver and Release of Claim of Lien Upon Progress Payment: There are two primary types of waivers: 1. Conditional Waiver and Release of Claim of Lien Upon Progress Payment: This type of waiver is used when the contractor or subcontractor wants to release their claim of lien only upon receipt and clearance of a specific progress payment. 2. Unconditional Waiver and Release of Claim of Lien Upon Progress Payment: In this case, the contractor or subcontractor releases their claim of lien unconditionally upon receiving any progress payment, regardless of the amount or specific terms. It is essential to carefully review the specific terms and conditions of the waiver before signing or using it in any construction project. Consulting with legal professionals to ensure compliance with Philadelphia's construction laws and regulations is highly recommended.Philadelphia Pennsylvania Unconditional Waiver and Release of Claim of Lien Upon Progress Payment is a legal document used in construction or renovation projects to release a claim of lien against a property owner for progress payments made by the owner. This waiver serves as a formal agreement between the contractor or subcontractor providing the services and the property owner. Key Terms: 1. Philadelphia: Philadelphia is the largest city in the Commonwealth of Pennsylvania, known for its rich history, cultural attractions, and vibrant arts scene. 2. Unconditional Waiver: An unconditional waiver means that the contractor or subcontractor gives up their right to file a lien against the property owner, regardless of whether they receive full payment for the work completed. 3. Release of Claim of Lien: This document relieves any potential claim of lien against the property by the contractor or subcontractor upon receiving progress payments from the owner. 4. Progress Payment: Progress payments are partial payments made by the property owner to the contractor or subcontractor for the completed work or services rendered during the course of a construction project. Types of Philadelphia Pennsylvania Unconditional Waiver and Release of Claim of Lien Upon Progress Payment: There are two primary types of waivers: 1. Conditional Waiver and Release of Claim of Lien Upon Progress Payment: This type of waiver is used when the contractor or subcontractor wants to release their claim of lien only upon receipt and clearance of a specific progress payment. 2. Unconditional Waiver and Release of Claim of Lien Upon Progress Payment: In this case, the contractor or subcontractor releases their claim of lien unconditionally upon receiving any progress payment, regardless of the amount or specific terms. It is essential to carefully review the specific terms and conditions of the waiver before signing or using it in any construction project. Consulting with legal professionals to ensure compliance with Philadelphia's construction laws and regulations is highly recommended.
