Suffolk New York Release of Lien for Materials

• Category: Liens - Releases and Waivers
• State: Multi-State
• County: Suffolk
• Control #: US-01775-AZ-4
• Format: Word; Rich Text

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contra A Suffolk New York Release of Lien for Materials is a legal document that grants a lien release to a property owner or contractor in Suffolk County, New York. This document is specifically used to release any liens on a property that may have been filed by suppliers or subcontractors for non-payment of materials. In Suffolk County, New York, there are a few different types of releases of lien for materials that can be distinguished based on their purpose and scope. 1. Conditional Release of Lien for Partial Payment: This type of release of lien is used when the property owner or contractor has made a partial payment to the supplier or subcontractor. It states that, upon receiving the specified partial payment, the supplier or subcontractor releases any lien rights for the materials provided up to that point. However, this type of release may still maintain a lien on any remaining unpaid balance until full payment is received. 2. Unconditional Release of Lien for Partial Payment: This release is similar to the conditional release, but with one key difference. It fully releases the lien rights of the supplier or subcontractor upon receiving the partial payment specified. Unlike the conditional release, there is no lien maintained on any outstanding balance. 3. Conditional Release of Lien Upon Final Payment: This type of release is used when the property owner or contractor makes the final payment for the materials provided. It states that, upon receiving the final payment, the supplier or subcontractor releases any lien rights for the materials in full. However, if the final payment is not received or is disputed, this release of lien may become null and void. 4. Unconditional Release of Lien Upon Final Payment: Similar to the conditional release, this release is used when the final payment for the materials is made. It fully releases the lien rights of the supplier or subcontractor upon receiving the final payment and ensures that there are no claims or liens against the property for the materials provided. In conclusion, a Suffolk New York Release of Lien for Materials is a vital legal document used in Suffolk County to release any liens filed for non-payment of materials. The different types of releases may be conditional or unconditional, depending on whether partial or final payment has been made. These releases protect the property owner or contractor from potential legal disputes and ensure a smoother construction process.

A Suffolk New York Release of Lien for Materials is a legal document that grants a lien release to a property owner or contractor in Suffolk County, New York. This document is specifically used to release any liens on a property that may have been filed by suppliers or subcontractors for non-payment of materials. In Suffolk County, New York, there are a few different types of releases of lien for materials that can be distinguished based on their purpose and scope. 1. Conditional Release of Lien for Partial Payment: This type of release of lien is used when the property owner or contractor has made a partial payment to the supplier or subcontractor. It states that, upon receiving the specified partial payment, the supplier or subcontractor releases any lien rights for the materials provided up to that point. However, this type of release may still maintain a lien on any remaining unpaid balance until full payment is received. 2. Unconditional Release of Lien for Partial Payment: This release is similar to the conditional release, but with one key difference. It fully releases the lien rights of the supplier or subcontractor upon receiving the partial payment specified. Unlike the conditional release, there is no lien maintained on any outstanding balance. 3. Conditional Release of Lien Upon Final Payment: This type of release is used when the property owner or contractor makes the final payment for the materials provided. It states that, upon receiving the final payment, the supplier or subcontractor releases any lien rights for the materials in full. However, if the final payment is not received or is disputed, this release of lien may become null and void. 4. Unconditional Release of Lien Upon Final Payment: Similar to the conditional release, this release is used when the final payment for the materials is made. It fully releases the lien rights of the supplier or subcontractor upon receiving the final payment and ensures that there are no claims or liens against the property for the materials provided. In conclusion, a Suffolk New York Release of Lien for Materials is a vital legal document used in Suffolk County to release any liens filed for non-payment of materials. The different types of releases may be conditional or unconditional, depending on whether partial or final payment has been made. These releases protect the property owner or contractor from potential legal disputes and ensure a smoother construction process.