A lien or right to claim a lien may be waived by agreement. A waiver of a lien should be in writing, and the writing should plainly show that the claimant or potential claimant clearly and knowingly intended to waive the lien or right to a lien.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Wake North Carolina Waiver of Mechanic's or Construction Lien is a legal document used in the state of North Carolina to waive or release a mechanic's or construction lien on a property. This waiver is typically executed by a contractor, subcontractor, or supplier in exchange for payment or other consideration for work performed or materials supplied on a construction project. The purpose of the Wake North Carolina Waiver of Mechanic's or Construction Lien is to protect property owners and lenders from potential legal claims by contractors or suppliers who have provided services or materials for the construction or improvement of a property. By signing this waiver, the contractor or supplier acknowledges that they have received payment or other consideration and waives their right to file a lien against the property for any outstanding amounts. There are different types of Wake North Carolina Waiver of Mechanic's or Construction Lien, including the following: 1. Partial Conditional Waiver: This type of waiver is used when a progress payment has been made to the contractor or supplier, but there are still outstanding amounts due. It waives the right to file a lien for the specific amount received, but does not waive the right to file a lien for any remaining unpaid balance. 2. Partial Unconditional Waiver: This waiver is also used when a progress payment has been made, but unlike the partial conditional waiver, it waives the right to file a lien for both the specific amount received and any remaining unpaid balance. 3. Final Conditional Waiver: This type of waiver is used when the contractor or supplier has received full payment for their work or materials but wants to release the lien rights conditionally. It is usually executed before the final payment is made, and it waives the right to file a lien, provided that the payment is not later deemed invalid or insufficient. 4. Final Unconditional Waiver: This is the most comprehensive type of waiver and is executed when the contractor or supplier has received full and final payment for their work or materials. It waives the right to file a lien unconditionally and releases all lien rights on the property. It is important to note that these waivers are legally binding documents and should be carefully reviewed and executed by all parties involved in the construction project. Consultation with a legal professional is highly recommended ensuring compliance with Wake North Carolina laws and regulations regarding mechanic's or construction liens.Wake North Carolina Waiver of Mechanic's or Construction Lien is a legal document used in the state of North Carolina to waive or release a mechanic's or construction lien on a property. This waiver is typically executed by a contractor, subcontractor, or supplier in exchange for payment or other consideration for work performed or materials supplied on a construction project. The purpose of the Wake North Carolina Waiver of Mechanic's or Construction Lien is to protect property owners and lenders from potential legal claims by contractors or suppliers who have provided services or materials for the construction or improvement of a property. By signing this waiver, the contractor or supplier acknowledges that they have received payment or other consideration and waives their right to file a lien against the property for any outstanding amounts. There are different types of Wake North Carolina Waiver of Mechanic's or Construction Lien, including the following: 1. Partial Conditional Waiver: This type of waiver is used when a progress payment has been made to the contractor or supplier, but there are still outstanding amounts due. It waives the right to file a lien for the specific amount received, but does not waive the right to file a lien for any remaining unpaid balance. 2. Partial Unconditional Waiver: This waiver is also used when a progress payment has been made, but unlike the partial conditional waiver, it waives the right to file a lien for both the specific amount received and any remaining unpaid balance. 3. Final Conditional Waiver: This type of waiver is used when the contractor or supplier has received full payment for their work or materials but wants to release the lien rights conditionally. It is usually executed before the final payment is made, and it waives the right to file a lien, provided that the payment is not later deemed invalid or insufficient. 4. Final Unconditional Waiver: This is the most comprehensive type of waiver and is executed when the contractor or supplier has received full and final payment for their work or materials. It waives the right to file a lien unconditionally and releases all lien rights on the property. It is important to note that these waivers are legally binding documents and should be carefully reviewed and executed by all parties involved in the construction project. Consultation with a legal professional is highly recommended ensuring compliance with Wake North Carolina laws and regulations regarding mechanic's or construction liens.
