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The owner subsequently sent the contractor a check for $13,050 along with a broad lien waiver that would have released the contractor’s right to be paid for both invoices.
Thus, a supplier who supplies no labor cannot be required to sign a lien waiver that deviates from the statutory form, unless, of course, one of the other exceptions described below applies.
The astute contractor refused to sign the broad lien waiver but proposed alternative language that would have reserved the contractor’s right to payment on the invoice for the Change Order 6 work.
If you intend to hire a contractor for repairs or home improvements, it’s important to brush up on the lesser-known contract option known as a contractor lien waiver.Liens are a powerful tool ...
Included on many of the commonly used waiver-of-lien forms, the subcontractor's sworn statement requires the subcontractor to identify all subtier contractors and materials suppliers with which ...
If you intend to hire a contractor for repairs or home improvements, it's important to brush up on the lesser-known contract option known as a contractor lien waiver. Liens are a powerful tool ...
Here are a few of the more common lien waiver mistakes made by subcontractors and suppliers in the construction industry, along with a few tips on how to avoid them. 1. Unconditional vs ...
Owners loathe and contractors love mechanic's liens. Regardless of point of view, mechanic's liens are an American institution as old as the Bill of Rights. In 1790, President George Washington chose ...
Soon after the lien came the lien waiver, said to be necessary to protect property from specious claims. What started out as a simple means of proving that an owner had paid, ... The Leading Business ...
Lien waivers document payments made by the contractor to subcontractors and material suppliers. The waivers must be signed by the contractor and by those providing the labor and materials.
HOW TO AVOID LIENS. The most important tool available to you is a subcontractor/supplier lien waiver, sometimes known as a lien release. This document is an important step for larger projects that ...
If you intend to hire a contractor for repairs or home improvements, it's important to brush up on the lesser-known contract option known as a contractor lien waiver.