Fulton Georgia Waiver and Release of Lien by Contractor is a legal document that contractors use to formally release any right, claim, or privilege to a lien they may have placed on a property as security for unpaid work or materials provided. By signing this waiver and release, the contractor acknowledges that they have received full payment for the services rendered and relinquishes any future lien rights on the property. Keywords: Fulton Georgia, waiver and release of lien, contractor, legal document, release any right, claim, privilege, lien, property, security, unpaid work, materials, full payment, services rendered, relinquish, lien rights. There are two main types of Fulton Georgia Waiver and Release of Lien by Contractor: 1. Conditional Waiver and Release: This type of waiver and release is executed by the contractor before receiving full payment. It states that once the contractor receives the agreed-upon amount, they will release their lien rights on the property. However, if the payment is not made or bounces, the conditional waiver becomes null and void, and the contractor can reinstate their lien rights. 2. Unconditional Waiver and Release: This type of waiver and release is executed by the contractor after receiving full payment for the services provided. Once the contractor acknowledges the receipt of payment, they permanently release all lien rights on the property without any conditions. It is crucial for contractors to understand and utilize the appropriate type of Fulton Georgia Waiver and Release of Lien to protect their rights and ensure proper payment for their work.
Fulton Georgia Waiver and Release of Lien by Contractor
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