Broward Florida Waiver of Lien

• Category: Construction - Liens
• State: Multi-State
• County: Broward
• Control #: US-00669
• Format: Word; Rich Text

Description

This form is a Waiver and Release of a Lien by a Contractor. A contractor waives and releases its lien and right to claim a lien for labor, services, or materials on a construction project described in the document. A Broward Florida Waiver of Lien is a legal document commonly used in the construction industry to waive a contractor's or subcontractor's right to place a lien on a property for payment of services rendered. This waiver serves as a written statement that confirms the contractor or subcontractor has received full payment for their work and releases their claim to any future lien rights. Keywords: Broward Florida, waiver of lien, construction industry, contractor, subcontractor, lien rights, payment, services rendered There are two types of Broward Florida Waiver of Liens: 1. Partial Waiver of Lien: This type of waiver is used when a contractor or subcontractor receives partial payment for their services. By signing this document, they waive their lien rights only to the extent of the payment received. In case of non-payment for the remaining balance, the contractor or subcontractor still retains their lien rights for the unpaid portion. 2. Final Waiver of Lien: A final waiver of lien is utilized when a contractor or subcontractor receives full payment for their services. By signing this document, they waive their lien rights in entirety and affirm that they have been paid in full for their work. This waiver acts as proof of payment and protects property owners from potential future claims regarding payment disputes. It is important to note that the Broward County, Florida waiver of lien serves as a legally binding agreement between parties involved in a construction project. It ensures that all parties are aware of the full or partial release of lien rights and provides a level of protection for property owners against unpaid debts or claims on their property. By utilizing the appropriate Broward Florida Waiver of Lien, contractors and subcontractors can establish clear payment terms and avoid potential disputes, while property owners can have peace of mind knowing that they are protected from future lien claims.

A Broward Florida Waiver of Lien is a legal document commonly used in the construction industry to waive a contractor's or subcontractor's right to place a lien on a property for payment of services rendered. This waiver serves as a written statement that confirms the contractor or subcontractor has received full payment for their work and releases their claim to any future lien rights. Keywords: Broward Florida, waiver of lien, construction industry, contractor, subcontractor, lien rights, payment, services rendered There are two types of Broward Florida Waiver of Liens: 1. Partial Waiver of Lien: This type of waiver is used when a contractor or subcontractor receives partial payment for their services. By signing this document, they waive their lien rights only to the extent of the payment received. In case of non-payment for the remaining balance, the contractor or subcontractor still retains their lien rights for the unpaid portion. 2. Final Waiver of Lien: A final waiver of lien is utilized when a contractor or subcontractor receives full payment for their services. By signing this document, they waive their lien rights in entirety and affirm that they have been paid in full for their work. This waiver acts as proof of payment and protects property owners from potential future claims regarding payment disputes. It is important to note that the Broward County, Florida waiver of lien serves as a legally binding agreement between parties involved in a construction project. It ensures that all parties are aware of the full or partial release of lien rights and provides a level of protection for property owners against unpaid debts or claims on their property. By utilizing the appropriate Broward Florida Waiver of Lien, contractors and subcontractors can establish clear payment terms and avoid potential disputes, while property owners can have peace of mind knowing that they are protected from future lien claims.