Release of lien form

A lien release is a written contract in which you agree to “release” your rights as of a certain date. Details like the dating, wording and content of the release can impact your rights in unanticipated ways, which is why it is so critical to learning how lien releases work in construction.

How to use a Release of lien form?

These release forms are commonly used in legal contracts to ensure payment in a variety of industries and situations. Individuals often use liens to purchase high-cost items like homes or vehicles. To give an example: the dealership from which the driver purchased their car holds a lien on the vehicle until the driver makes all payments. This way, if the driver stops making payments, the dealership has legal recourse and can repossess the vehicle.

There are two most common types of contractor lien waivers. One is a conditional lien waiver while the other is an unconditional lien waiver release form. These two forms are further classified under the categories of final payment and progressive payment. An unconditional lien waiver can be with final payment as well as progressive payment. The same is the case for the conditional waiver. So, we can list the types as:

1. Unconditional lien with final payment
2. Unconditional lien with progressive payment
3. Conditional lien waiver with final payment
4. Conditional lien waiver with progressive payment

These lien waiver forms are usually requested by the client from the contractor so that he knows that the contractor has received all the due payments and the bills have also been cleared. 

After downloading this sample Release of lien form and filling in the blanks, you can easily customize the style, typography, details, and appearance of your Release of lien form. If this isn't the right document that you are looking for, then certainly take a look at the other letters that Bizzlibrary.com has to offer. We have many letters ranging from cover letters to business letters and thank you notes.