lien waiver


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waiver of lien

An instrument by which a person or organization who has or may have a right of mechanic’s lien against the property of another relinquishes such right. Also see mechanic’s lien and release of lien.
References in periodicals archive ?
Since Washington is not one of those states with anti-advance lien waiver or release legislation, an argument could be advanced that restrictions to prospective lien releases should be made clear through legislation on the subject.
Other services offered by STS include deadline tracking, mailing of demand letters, a lien waiver manager and job information sheet templates.
A web-based Software-as-a-Service (SaaS), Textura-CPM electronically integrates all construction payment management processes - including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and payments - into a seamless, online workflow.
Turns out AMR Contractors did sign a lien waiver that subordinated its security interest in the Arkansas Building and Annex, home to 34 unfinished upstairs apartments.
A web-based, Software-as-a-Service (SaaS), Textura-CPM electronically integrates all construction payment management processes, including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and payments into a seamless workflow.
20(6) that a lienor may not be required to "furnish a lien waiver or release of lien that is different from the (statutory forms).
Subs must still come and pick up checks in person and sign a lien waiver.
We have heard a lot from our customers about Textura's ability to manage efficiently the subcontractor pay request, lien waiver collection and payment management process.
A web-based Software-as-a-Service (SaaS) solution, Textura-CPM integrates key construction payment management processes - including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and payments - into a seamless, online workflow that facilitates collaboration across project participants.
The solution electronically integrates all construction payment management process components, including billing, progress claims, lien waiver collection, statutory declarations, sub-tier waivers, compliance management and payments, into one seamless workflow.
12) In other words, the owner can prevent paying twice for a lienor's work by verifying pursuant to a lien waiver (partial or final) that money paid to the contractor ends up paid to the lienor providing notice.
He used the analogy of chess to describe how a lien waiver works in the construction industry.