If you are familiar with lien waivers and are just looking for the usable lien waiver example, then scroll down and read on.
If you are still not quite sure what a lien waiver is - and you wouldn't be the only one - then here is quick rundown on the all-important lien waiver.
A lien waiver is a document which is completed and issued by a construction party (contractor, subcontractor, materials supplier etc.) declaring that they waive any future lien rights to a property, site or project - usually because they have received payment.
While the lien is in effect, a contractor or other party can use it as leverage in order to get paid. As soon as the lien is waived, the contractor or project party forfeits this power.
Because of this, lien waivers are powerful documents - and can result in serious disputes and issues when not used properly and intentionally.
A lien waiver form can come in various shapes, sizes and content, but the four (4) typical types of lien waivers are:
You can probably gather from the wording what each of these lien waivers stands for and does: conditional waivers are issued and are conditional on the payment actually being received etc., while unconditional waivers waive the lien rights with no conditions.
The example lien waiver below is a conditional lien waiver for final payment. It was issued from the contractor to the owner as the final release and waiver of lien.
So what does a lien waiver look like and include?
The following example lien waiver framework shows what a simple lien waiver form will look like.
As with most contractual construction documents, the lien waiver form addresses and provides details for the owner and contractor (or other project parties exchanging the lien waiver).
In this example, the project owner and their details as well as the contractor details are outlined.
The next section of the example lien waiver is the meat of the document. This section specifies and declares the waiving of the lien, as well as the acknowledgement of payment.
And of course, every lien waiver form including this completed lien waiver example will need to included the signature of the contractor or issuing party as well as a witness or certifying party.
