This Conditional Waiver and Release of Claim 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 the owner of the 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 certain number of days of the date of this waiver, this Conditional Waiver and Release of Lien is void.
Allentown Pennsylvania Conditional Waiver and Release of Claim of Lien Upon Final Payment A Conditional Waiver and Release of Claim of Lien Upon Final Payment is a legal document used in Allentown, Pennsylvania, that enables contractors, subcontractors, and suppliers to release their potential claims against a property owner or general contractor upon receiving their final payment for construction work or services rendered. This waiver serves as a confirmation that the party has been fully compensated and acknowledges that they will not file a lien against the property in the future. Keywords: Allentown Pennsylvania, Conditional Waiver, Release of Claim, Lien, Final Payment, Contractors, Subcontractors, Suppliers, Construction Work, Services Rendered, Property Owner, General Contractor Types of Allentown Pennsylvania Conditional Waiver and Release of Claim of Lien Upon Final Payment: 1. Partial Conditional Waiver and Release of Claim of Lien Upon Final Payment: This type of waiver is used when a contractor or subcontractor is paid partially for their work or services but agrees to waive their right to file a lien upon receiving the final payment. It protects the property owner or general contractor from potential lien claims in case the full payment is not made. 2. Unconditional Waiver and Release of Claim of Lien Upon Final Payment: An unconditional waiver is used when the contractor, subcontractor, or supplier has received the full payment due and willingly releases any claim of lien against the property upon final payment. This type of waiver does not have any conditions or limitations attached to it. 3. Conditional Waiver and Release of Claim of Lien Upon Final Payment for Progress Payment: This variation is used when contractors or subcontractors receive payment for a specific stage or phase of the construction project. It ensures that the party receiving the payment waives the right to file a lien for that specific portion of work or services rendered upon receiving the final payment. 4. Conditional Waiver and Release of Claim of Lien Upon Final Payment for Final Payment: This type of waiver is utilized when the contractor, subcontractor, or supplier has completed all the work or services outlined in the contract and is receiving the final payment. It contains a condition that upon receiving the final payment, the party releases all potential lien claims against the property. In Allentown, Pennsylvania, these different types of Conditional Waiver and Release of Claim of Lien Upon Final Payment documents are essential tools to protect both the property owner/general contractor and those involved in the construction project. Parties must carefully review and understand the specific waiver they are signing to ensure that their rights and obligations are properly addressed according to the agreed-upon terms.Allentown Pennsylvania Conditional Waiver and Release of Claim of Lien Upon Final Payment A Conditional Waiver and Release of Claim of Lien Upon Final Payment is a legal document used in Allentown, Pennsylvania, that enables contractors, subcontractors, and suppliers to release their potential claims against a property owner or general contractor upon receiving their final payment for construction work or services rendered. This waiver serves as a confirmation that the party has been fully compensated and acknowledges that they will not file a lien against the property in the future. Keywords: Allentown Pennsylvania, Conditional Waiver, Release of Claim, Lien, Final Payment, Contractors, Subcontractors, Suppliers, Construction Work, Services Rendered, Property Owner, General Contractor Types of Allentown Pennsylvania Conditional Waiver and Release of Claim of Lien Upon Final Payment: 1. Partial Conditional Waiver and Release of Claim of Lien Upon Final Payment: This type of waiver is used when a contractor or subcontractor is paid partially for their work or services but agrees to waive their right to file a lien upon receiving the final payment. It protects the property owner or general contractor from potential lien claims in case the full payment is not made. 2. Unconditional Waiver and Release of Claim of Lien Upon Final Payment: An unconditional waiver is used when the contractor, subcontractor, or supplier has received the full payment due and willingly releases any claim of lien against the property upon final payment. This type of waiver does not have any conditions or limitations attached to it. 3. Conditional Waiver and Release of Claim of Lien Upon Final Payment for Progress Payment: This variation is used when contractors or subcontractors receive payment for a specific stage or phase of the construction project. It ensures that the party receiving the payment waives the right to file a lien for that specific portion of work or services rendered upon receiving the final payment. 4. Conditional Waiver and Release of Claim of Lien Upon Final Payment for Final Payment: This type of waiver is utilized when the contractor, subcontractor, or supplier has completed all the work or services outlined in the contract and is receiving the final payment. It contains a condition that upon receiving the final payment, the party releases all potential lien claims against the property. In Allentown, Pennsylvania, these different types of Conditional Waiver and Release of Claim of Lien Upon Final Payment documents are essential tools to protect both the property owner/general contractor and those involved in the construction project. Parties must carefully review and understand the specific waiver they are signing to ensure that their rights and obligations are properly addressed according to the agreed-upon terms.
