A Wake North Carolina Waiver of Lien Claim by Subcontractor is a legal document that subcontractors in Wake County, North Carolina use to waive their rights to file a lien against a property owner for any outstanding payment. This waiver acts as proof that the subcontractor has been paid in full, preventing them from asserting a claim on the property in the future. The waiver of lien claim is typically used when subcontractors have completed work or provided materials for a construction project in Wake County. By signing this document, subcontractors acknowledge their receipt of full payment for their services or materials, thereby releasing any lien rights they may have had against the property owner. Keywords: Wake North Carolina, waiver of lien claim, subcontractor, legal document, outstanding payment, property owner, proof, paid in full, assert a claim, construction project, services, materials, lien rights. Different types of Wake North Carolina Waiver of Lien Claim by Subcontractor may include: 1. Conditional Waiver: This type of waiver is used when the subcontractor receives a progress payment or partial payment, but not the full amount owed. By signing a conditional waiver, the subcontractor acknowledges receiving the partial payment but still retains the right to file a lien if the full payment is not received. 2. Unconditional Waiver: An unconditional waiver is used when the subcontractor has received full payment for their services or materials. By signing this waiver, the subcontractor relinquishes their right to file a lien against the property, regardless of whether any outstanding payment is due. 3. Final Waiver: A final waiver is typically used when the subcontractor has completed all aspects of their work and has received full payment for their services. By signing this waiver, the subcontractor waives all lien rights against the property, releasing the property owner from any further obligation. 4. Partial Waiver: This type of waiver is used when the subcontractor has received a partial payment for their work or materials, but there is still an outstanding balance. By signing a partial waiver, the subcontractor acknowledges the partial payment made and waives their lien rights for that specific portion of the overall amount. Keywords: Conditional waiver, unconditional waiver, final waiver, partial waiver, progress payment, partial payment, full payment, outstanding balance, completed work, relinquish lien rights, property owner, obligation.
Wake North Carolina Waiver of Lien Claim by Subcontractor
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