This is an official Washington form for use in land transactions, a Partial Waiver of Lien (with individual and representative acknowledgments).
A Spokane Valley Washington Partial Waiver of Lien — with individual and representative acknowledgments is a legal document used in construction projects to protect the rights and interests of contractors, subcontractors, and suppliers involved in the project. This waiver is crucial when it comes to ensuring prompt payment for services rendered or materials supplied. The purpose of this document is to acknowledge that the individual or representative (such as a company) has received a partial payment towards the total amount owed for their work or supplies provided. By signing the waiver, the individual or representative essentially agrees to release their partial lien rights on the property in question, up to the amount specified in the waiver. There are several types of Spokane Valley Washington Partial Waiver of Lien — with individual and representative acknowledgments, depending on the stage of the project and the extent of the payment being made. Some common types include: 1. Partial Conditional Waiver and Release upon Progress Payment: This waiver is typically used when a partial payment is made for completed work or supplies up to a specific date or percentage of completion. By signing this waiver, the individual or representative acknowledges the receipt of the payment and agrees not to file a lien for the amount covered by the payment. 2. Partial Unconditional Waiver and Release upon Progress Payment: Similar to the conditional waiver, this document is used when a partial payment is made for work or supplies, but without any conditions or restrictions. By signing this waiver, the individual or representative acknowledges full payment of the specified amount and waives their rights to file a lien for that particular payment. 3. Final Conditional Waiver and Release upon Final Payment: This waiver is used when the final payment is made, indicating the completion of the project. By signing this document, the individual or representative acknowledges the receipt of the final payment and agrees not to file a lien for any outstanding amount. 4. Final Unconditional Waiver and Release upon Final Payment: Similar to the conditional waiver, this document is issued upon the final payment, indicating the completion of the project. By signing this waiver, the individual or representative acknowledges full and final payment, releasing all lien rights on the property. It's important to note that these waivers are legally binding documents, and it's crucial to thoroughly understand their terms and implications before signing. Consulting with an attorney or a construction professional is often recommended ensuring compliance with the specific requirements of Spokane Valley, Washington, and to protect the rights and interests of all parties involved in the construction project.A Spokane Valley Washington Partial Waiver of Lien — with individual and representative acknowledgments is a legal document used in construction projects to protect the rights and interests of contractors, subcontractors, and suppliers involved in the project. This waiver is crucial when it comes to ensuring prompt payment for services rendered or materials supplied. The purpose of this document is to acknowledge that the individual or representative (such as a company) has received a partial payment towards the total amount owed for their work or supplies provided. By signing the waiver, the individual or representative essentially agrees to release their partial lien rights on the property in question, up to the amount specified in the waiver. There are several types of Spokane Valley Washington Partial Waiver of Lien — with individual and representative acknowledgments, depending on the stage of the project and the extent of the payment being made. Some common types include: 1. Partial Conditional Waiver and Release upon Progress Payment: This waiver is typically used when a partial payment is made for completed work or supplies up to a specific date or percentage of completion. By signing this waiver, the individual or representative acknowledges the receipt of the payment and agrees not to file a lien for the amount covered by the payment. 2. Partial Unconditional Waiver and Release upon Progress Payment: Similar to the conditional waiver, this document is used when a partial payment is made for work or supplies, but without any conditions or restrictions. By signing this waiver, the individual or representative acknowledges full payment of the specified amount and waives their rights to file a lien for that particular payment. 3. Final Conditional Waiver and Release upon Final Payment: This waiver is used when the final payment is made, indicating the completion of the project. By signing this document, the individual or representative acknowledges the receipt of the final payment and agrees not to file a lien for any outstanding amount. 4. Final Unconditional Waiver and Release upon Final Payment: Similar to the conditional waiver, this document is issued upon the final payment, indicating the completion of the project. By signing this waiver, the individual or representative acknowledges full and final payment, releasing all lien rights on the property. It's important to note that these waivers are legally binding documents, and it's crucial to thoroughly understand their terms and implications before signing. Consulting with an attorney or a construction professional is often recommended ensuring compliance with the specific requirements of Spokane Valley, Washington, and to protect the rights and interests of all parties involved in the construction project.
