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Welcome to page three of
our series devoted to lien waivers / lien releases and which lien
waiver / lien release to use when...
[page
two] * [page four]
Construction Lien Waivers - #3 Conditional
Waiver Upon Final Pay
When you submit your final invoice, you'll include a " Conditional
Waiver and Release Upon Final Payment " (aka " release
#3 ") form.
As a side note, if you're getting ready to issue an invoice and
release, but you haven't yet been paid on the invoice you issued
last month, please click
here to read about how we handle that situation.
This release (also known as a " lien
waiver "), does not have a 'release thru' date like the
first two lien waivers do, as this #3
lien waiver is for the final payment
on the project.
You will enter the total dollar amount, the same amount your final
invoice is for, on the lien waiver and submit that #3 lien waiver
with your final invoice.
Do NOT submit the #3 lien waiver until
you are certain that you are finished
on the project and will not be back to do any other work.
If you do submit the #3 release, and then you do go back and perform
additional work on the project, then you'll have to issue
another preliminary notice on the project to protect your
mechanic's lien rights.
It can get really involved and complicated, and
expensive, to have to re-prelim projects. The easiest way
to avoid that is to NOT issue that #3
lien waiver until you know that you are done on the project
and that the dollar amount you are entering on that #3
lien waiver is indeed the full and final amount owed to you.
Once you have received that FINAL payment and it has cleared your
customer's bank account, you will then submit the #4
release . [continued]
We have inexpensive release forms
available, click here!
- Instant Download
- Unlimited Usage
of your form
- Fill the form in before you print
it
- Please click
here :)
Check this out:
- Comprehensive information on the lien laws of all 50
states and the District of Columbia, keeps you informed
about your state.
- FORMS needed to help you
comply with your state's lien requirements are INCLUDED
in your membership.
- Invaluable tips and FAQs that inform you of THE
3 R's - your Rights, Restrictions and Responsibilities.
- Informative strategy discussions that let you take MAXIMUM
advantage of the lien laws.
- Ongoing NOTIFICATION of
important changes in state lien laws via Lien Law eLerts
which are conveniently emailed to you.
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Preliminary
Notices Required by Law
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