A release signed by a party to agree that they are prohibited from making claims on a specified property. For example, after the sale of a second mortgage, the selling party signs a lien waiver.
A written document in which the grantor relinquishes the right to place or maintain a lien on a specific parcel of real estate.
A waiver of mechanics' lien rights signed by subcontractors so that the general contractor can receive a construction loan draw.
a form of receipt which prevents a contractor or subcontractor from collecting money from you twice for the same job
a legal instrument that a property owner or contractor uses to protect their property
a piece of paper in which the contractor or sub-contractor agrees to waive his or her right to place a mechanic's lien against your property
a receipt showing that a specific or unspecific amount has been paid and that the vendor has no lien rights against the home
a receipt that states workers and suppliers will not ask you for money you already have paid the contractor
a release signed by contractors and suppliers stating that they have been paid for all labor and material that they have supplied on your project
a written statement signed by a subcontractor giving up the subcontractor's right to file a lien against your property
Also called "waiver of liens." A waiver of mechanics' lien rights, signed by contractors or subcontractors.
A legal document signed by subcontractors stating that they have been paid for work completed on a construction project and cannot make a claim against the home for lack of payment.
A written document from a contractor or material supplier having lien rights against an owner's property that relinquishes all or part of those rights.
A document signed by a contractor, subcontractor, or other supplier of goods or services stating that the supplier has been paid for the work performed or goods supplied and waiving the supplier's right to file a claim against the property.
A legal document that is used by individuals or firms that have lien rights who wish to waive those rights. The waiver must be signed by those holding rights in order for it to be legal.
A waiver of mechanic's lien rights, signed by a general contractor and his subcontractors, that is often required before the general contractor can receive a draw under the payment provisions of a construction contract. May also be required before the owner can receive a draw on a construction loan.
Documents signed by subcontractors and suppliers, indicating they have received payment in full.
The surrender or passing up on one's right to a claim.
A document that releases a consumer (homeowner) from any further obligation for payment of a debt once it has been paid in full. Lien waivers typically are used by homeowners who hire a contractor to provide work and materials to prevent any subcontractors or suppliers of materials from filing a lien against the homeowner for nonpayment.
A disclosure that there are no liens on a piece of property. Usually signed by the seller at closing.
For real estate purposes, a waiver of mechanic's lien rights, signed by a subcontractor so that the owner or general contractor can receive a draw on a construction loan. The mortgage lender usually requires lien waivers to ensure that subcontractors get paid.
A document in legal form signed by persons or firms which have lien rights, waiving those rights.
A form of receipt that is completed and signed by a subcontractor or distributor when he is paid for his labor or materials.
