King Washington Waiver of Lien

• Category: Construction - Liens
• State: Multi-State
• County: King
• 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. King Washington Waiver of Lien is a legal document that removes and releases the rights of a contractor, subcontractor, or supplier to place a lien on a property. This waiver effectively waives the right to file a claim against the property owner for non-payment or other unpaid debts related to work or materials provided on a construction project. The purpose of a King Washington Waiver of Lien is to provide protection for property owners by preventing any potential legal action taken by contractors, subcontractors, or suppliers who have not received full payment for their services or supplies. This document ensures that all parties involved in a construction project are paid promptly and fairly. There are two main types of King Washington Waiver of Lien: 1. Conditional Waiver of Lien: This type of waiver is used when the contractor, subcontractor, or supplier receives payment that may not necessarily cover the full amount owed. However, by signing this waiver, they acknowledge receipt of partial payment and agree to waive their right to file a lien for the amount paid. 2. Unconditional Waiver of Lien: In contrast to the conditional waiver, the unconditional waiver is used when the contractor, subcontractor, or supplier has received full payment for the work or materials provided. By signing this waiver, they release any and all rights to file a lien against the property owner. It is important to note that a King Washington Waiver of Lien must be signed voluntarily and with full understanding by the contractor, subcontractor, or supplier. Property owners should always ensure they receive the appropriate waiver to protect themselves from potential future legal action. In summary, a King Washington Waiver of Lien is a crucial legal document that protects property owners from potential liens filed by contractors, subcontractors, or suppliers who have not been fully paid. The conditional and unconditional waivers are the two main types of this document, each serving a specific purpose depending on the payment received.

King Washington Waiver of Lien is a legal document that removes and releases the rights of a contractor, subcontractor, or supplier to place a lien on a property. This waiver effectively waives the right to file a claim against the property owner for non-payment or other unpaid debts related to work or materials provided on a construction project. The purpose of a King Washington Waiver of Lien is to provide protection for property owners by preventing any potential legal action taken by contractors, subcontractors, or suppliers who have not received full payment for their services or supplies. This document ensures that all parties involved in a construction project are paid promptly and fairly. There are two main types of King Washington Waiver of Lien: 1. Conditional Waiver of Lien: This type of waiver is used when the contractor, subcontractor, or supplier receives payment that may not necessarily cover the full amount owed. However, by signing this waiver, they acknowledge receipt of partial payment and agree to waive their right to file a lien for the amount paid. 2. Unconditional Waiver of Lien: In contrast to the conditional waiver, the unconditional waiver is used when the contractor, subcontractor, or supplier has received full payment for the work or materials provided. By signing this waiver, they release any and all rights to file a lien against the property owner. It is important to note that a King Washington Waiver of Lien must be signed voluntarily and with full understanding by the contractor, subcontractor, or supplier. Property owners should always ensure they receive the appropriate waiver to protect themselves from potential future legal action. In summary, a King Washington Waiver of Lien is a crucial legal document that protects property owners from potential liens filed by contractors, subcontractors, or suppliers who have not been fully paid. The conditional and unconditional waivers are the two main types of this document, each serving a specific purpose depending on the payment received.