Broward Florida Waiver of Lien Claim by Contractor

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• County: Broward
• Control #: US-OG-157
• Format: Word; Rich Text

Description

This form provides for a contractor to waive any lien claims in lands on or for which labor or materials have been provided. A Broward Florida Waiver of Lien Claim by Contractor is a legal document that contractors use to waive their right to file a lien against a property they have worked on in Broward County, Florida. This waiver is typically provided by a contractor to the property owner or the owner's representative, such as a general contractor or construction manager. By signing this waiver, the contractor is relinquishing their right to place a lien on the property as a form of security for payment. The Broward Florida Waiver of Lien Claim by Contractor serves as proof that the contractor has been compensated or will be compensated for their services or materials provided for the specific project. The waiver is typically given after payment has been received for the work performed, signaling that the contractor has no further claims against the property. There are two common types of Broward Florida Waiver of Lien Claim by Contractor: 1. Conditional Waiver: A conditional waiver is issued to the property owner or their representative once the contractor has received partial payment or when a progress payment is made. It states that the contractor waives the right to place a lien on the property based on the amount mentioned in the waiver. However, this type of waiver is only valid if the payment mentioned within it is successfully processed. 2. Unconditional Waiver: An unconditional waiver is given to the property owner or representative once full payment for the work performed has been made. By signing this waiver, the contractor permanently waives their lien rights and cannot make any claims against the property in the future. It is important to note that issuing a waiver of lien claim by a contractor does not necessarily mean that the contractor has been fully compensated for their services or materials. It solely serves as a legal document to forego the contractor's right to file a lien against the property. In Broward County, Florida, contractors frequently use these waivers to streamline the payment and project completion processes, providing peace of mind to property owners and helping to prevent potential legal disputes related to non-payment.

A Broward Florida Waiver of Lien Claim by Contractor is a legal document that contractors use to waive their right to file a lien against a property they have worked on in Broward County, Florida. This waiver is typically provided by a contractor to the property owner or the owner's representative, such as a general contractor or construction manager. By signing this waiver, the contractor is relinquishing their right to place a lien on the property as a form of security for payment. The Broward Florida Waiver of Lien Claim by Contractor serves as proof that the contractor has been compensated or will be compensated for their services or materials provided for the specific project. The waiver is typically given after payment has been received for the work performed, signaling that the contractor has no further claims against the property. There are two common types of Broward Florida Waiver of Lien Claim by Contractor: 1. Conditional Waiver: A conditional waiver is issued to the property owner or their representative once the contractor has received partial payment or when a progress payment is made. It states that the contractor waives the right to place a lien on the property based on the amount mentioned in the waiver. However, this type of waiver is only valid if the payment mentioned within it is successfully processed. 2. Unconditional Waiver: An unconditional waiver is given to the property owner or representative once full payment for the work performed has been made. By signing this waiver, the contractor permanently waives their lien rights and cannot make any claims against the property in the future. It is important to note that issuing a waiver of lien claim by a contractor does not necessarily mean that the contractor has been fully compensated for their services or materials. It solely serves as a legal document to forego the contractor's right to file a lien against the property. In Broward County, Florida, contractors frequently use these waivers to streamline the payment and project completion processes, providing peace of mind to property owners and helping to prevent potential legal disputes related to non-payment.