A Lien Waiver For Homeowner is a crucial document in residential construction and improvement projects across the United States. It is typically used when a contractor, subcontractor, or supplier has completed work or provided materials and received payment. The document protects homeowners from future claims while ensuring proper payment to service providers. State laws govern the format and requirements of these waivers, with some jurisdictions mandating specific statutory forms. The waiver can be conditional (pending payment) or unconditional (after payment), and may be partial (for progress payments) or final (for project completion).
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1. Identification of Parties: Details of the property owner and the party waiving the lien rights
2. Property Description: Legal description of the property subject to the lien waiver
3. Project Description: Description of the work performed or materials provided
4. Payment Amount: Amount received or to be received in exchange for the lien waiver
5. Waiver Statement: Explicit waiver of lien rights and claims
6. Execution: Signature blocks and notarization section
1. Conditional Waiver Provisions: Used when the waiver is contingent upon receipt of payment - applicable when payment hasn't been received yet
2. Partial vs. Final Waiver Specifications: Specification of whether this is a partial or final waiver - used when work is ongoing or partially complete
3. Reservation of Rights: Preservation of rights for unpaid retainage or pending changes - used when certain claims need to be preserved
1. Schedule A - Property Description: Detailed legal description of the property
2. Schedule B - Payment Details: Breakdown of payments received and waived amounts
3. Schedule C - Project Scope: Detailed description of work performed or materials provided
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