San Jose California Waiver of Lien Claim by Contractor

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• City: San Jose
• 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. San Jose California Waiver of Lien Claim by Contractor is a legal document used in the construction industry to ensure contractors receive timely payment for their services and materials provided. It acts as a waiver of the contractor's right to place a mechanic's lien on a property owned by the client or general contractor. This waiver is typically issued by the contractor after they have been paid in full or received a partial payment for their work. By signing the San Jose California Waiver of Lien Claim, the contractor acknowledges that they have been paid and waives their right to pursue a mechanic's lien on the property. There are three different types of San Jose California Waiver of Lien Claim by Contractor, each serving a specific purpose: 1. Conditional Waiver and Release Upon Progress Payment: This waiver is used when the contractor has received a partial payment for their work, but still has outstanding payments due. By signing this waiver, the contractor acknowledges the payment received and waives their right to file a lien claim for the amount covered by the payment. 2. Unconditional Waiver and Release Upon Progress Payment: This waiver is used when the contractor has received a full payment for their work. By signing this waiver, the contractor acknowledges the full payment received and waives their right to file a lien claim for the entire project. 3. Unconditional Waiver and Release Upon Final Payment: This waiver is used when the contractor has been fully paid and completed their work on the project. By signing this waiver, the contractor acknowledges the final payment received and waives their right to file a lien claim for the entire project. It is important for contractors in San Jose, California, to understand the different types of waivers and use the appropriate one based on their payment status. By doing so, they can protect their rights while maintaining a good working relationship with the client or general contractor.

San Jose California Waiver of Lien Claim by Contractor is a legal document used in the construction industry to ensure contractors receive timely payment for their services and materials provided. It acts as a waiver of the contractor's right to place a mechanic's lien on a property owned by the client or general contractor. This waiver is typically issued by the contractor after they have been paid in full or received a partial payment for their work. By signing the San Jose California Waiver of Lien Claim, the contractor acknowledges that they have been paid and waives their right to pursue a mechanic's lien on the property. There are three different types of San Jose California Waiver of Lien Claim by Contractor, each serving a specific purpose: 1. Conditional Waiver and Release Upon Progress Payment: This waiver is used when the contractor has received a partial payment for their work, but still has outstanding payments due. By signing this waiver, the contractor acknowledges the payment received and waives their right to file a lien claim for the amount covered by the payment. 2. Unconditional Waiver and Release Upon Progress Payment: This waiver is used when the contractor has received a full payment for their work. By signing this waiver, the contractor acknowledges the full payment received and waives their right to file a lien claim for the entire project. 3. Unconditional Waiver and Release Upon Final Payment: This waiver is used when the contractor has been fully paid and completed their work on the project. By signing this waiver, the contractor acknowledges the final payment received and waives their right to file a lien claim for the entire project. It is important for contractors in San Jose, California, to understand the different types of waivers and use the appropriate one based on their payment status. By doing so, they can protect their rights while maintaining a good working relationship with the client or general contractor.