answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What does its mean on a lien waiver?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a subcontractor release of lien?

this is a waiver of lien by contractor, subcontractor, or supplier.


How do you fill out a partial waiver of lien?

Obtain legal advice for your jurisdiction.


Once you receive a signed notice of lien satisfied can the lien holder still state that you owe money towards the vehicle and send subsequent bills?

Is it a final lien waiver upon final payment? If it's a progress lien waiver, then they can still claim funds due. The final is final, and no further amounts would have to be paid.


Do mechanics lien waiver need to be notarized in Colorado?

The lien will be "notarized" (rendered enforceable), when it is filed with the clerk of the court that holds jurisdiction in such matters.


Can a general contractor put a lien on your house?

Yes. It is important to get original lien waivers each time you pay your contractor (do not give a check in exchange for a promise of a waiver). A waiver is a receipt of your payment and it is legal documentation that your contractor has paid the subcontractor or supplier. The waiver prevents the contractor and subcontractor from from liening your property for that amount of the payment on that subcontract. Partial lien waivers should detail the type of work done, the name and address of the subcontractor, the total amount of the subcontract, the amount paid to date, the amount of the current payment made, and the balance to be paid. At the end of the project, it is equally important to get final waivers of lien, as well.


What does this property in a LIEN SOLD status mean?

There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney


Where a lien live?

What's a "lien"? If you mean lion, then Africa. :)


What does CDW excess mean?

Collision Damage Waiver


If you are not in agreement with charges can a Builder put a Mechanics Lien on your property?

Yes, that is exactly when the builder would do it! If you're in agreement, there would not be any reason to have the expense of filing a lien. You will need to settle the dispute (like gentlemen) and obtain a release (and preferably a waiver of any other claims) that conforms to your local lien/release recording regulations.


How do you find out who has a lien on your vehicle?

Go to the DMV (Department of Motor Vehicles) and have them run a lien check on the vehicle. WHAT DO YOU MEAN; BANK LIEN OR MECHANICS LIEN? autolienservice.com


What does a court recording of a lien mean?

It means that the court is officially documenting that a lien exists to protect the lien-holder's interest.


What is a mechanic's lien waiver?

A mechanic's lien waiver is separate document or provision in another contract, releasing the right to file a mechanic's lien in the future. Lien waivers are usually exchanged for payment for work performed and/or materials supplied in furtherance of a construction project. They are problematic because they are frequently requested prior to the time that the party giving the waiver is being paid. They also often over waive rights, they waive liens AND claims, even though claims were not a part of the discussion (what if you want to be paid on your last pay application, but have an outstanding, unapproved change order. Signing the "lien waiver" to receive the payment that is already due to you MAY waive your right to assert the claim for the change order. They also provide that you are waiving your rights (lien and claim) through the "date hereof" despite the fact that you are likely being paid for work performed 30, 60, 90, maybe 120 days ago, and even then retainage was withheld. So, unless you have propertly modified your waiver, you have over waived your rights. I am an attorney in Ohio, but if you need help outside of Ohio, please feel free to contact me at my email address listed in my profile. I will be happy to help you find a lawyer in your state from my contacts from my participation in American Subcontractors Association Attorney's Council. I have included a link to several articles that I have written for the Builders Exchange Magazine on Mechanic's Liens, Lien Waivers and other construction related topics.