# Lien Waiver
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In the mechanics lien process, a lien waiver is a document from a contractor, subcontractor, materials supplier, equipment lessor or other party to the construction project (the claimant) stating they have received payment and waive any future lien rights to the property (of the owner) for the amount paid. There are typically four types of lien waivers:
Conditional waiver on progress payment – The safest waiver for claimants, this waiver generally specifies that if they have indeed been paid to date (and that includes no return or stopped payment checks) the waiver is an effective proof against any lien claim on the property.
Unconditional waiver on progress payment – This waiver releases all claimant rights through a specific date unconditionally (and that includes no return or stopped payment checks).
How do Lien Waiver and Releases work?
Many folks don’t understand how important it is and why legally it is essential that you read and understand what your lien release says. We’re going to discuss some very specific things you can do to increase your chances of protecting yourself when you exchange your release for payment. Make sure…
Episode 77: Lien Waivers with Karalynn Cromeens
We are kicking off our first episode of March with a short solo episode by our host, Karalynn Cromeens, where she gives you a quick insight on lien waivers. For those who need to become more familiar, Karalynn Cromeens is the Owner and Managing Partner for The Cromeens Law Firm, PLLC. Karalynn hold…
Lien Waivers 101
#96: Should I sign an unconditional lien waiver if I haven't been paid? Can I still get paid if I signed one? The answer depends upon the rules where you are and may not be what you want to hear. So if you can choose to sign a conditional lien waiver instead, that's going to be a better choice, par…
Episode 322: Getting Creative With Global Settlements: Lien Waivers, Litigation Costs, and Clever Consent Agreements
Both New York and New Jersey require the workers’ compensation carrier to contribute its equitable share of litigation costs on the petitioner/claimant’s third-party recovery. One of the best ways to cut down exposure and resolve a workers’ compensation claim months (sometimes years!) earlier than …
Episode 037: The 6 Rehab Documents That Will Save You from Lawsuits, Losses, and Nightmares
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Thinking about flipping houses or rehabbing properties? Don’t make the rookie mistake of skipping the paperwork that protects your profits. In this must-listen episode, real estate investor Tiffany High shares the six essential rehab documents every investor needs before hiring a c…
The $50,000 Mistake: Why Every Contractor Needs to Master Lien Waivers Before It's Too Late
Episode Description
Understanding construction liens and lien waivers is crucial for anyone working on construction projects. This episode breaks down the essential knowledge every contractor, homeowner, and property owner needs to avoid costly mistakes and double payments.
Key Topics Covered
W…
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