When you remodel a kitchen or replace a roof, you probably focus on design choices and contractor bids, not the legal paperwork that decides who can come after your house. Yet the most expensive ...
Historically, subcontractors and suppliers were compelled to sign onerous and overreaching lien waivers and releases in order to receive payment. In addition, many subcontracts contain lien waivers ...
A construction lien waiver is a legal document saying a party waives future lien rights against a property. Lien waivers are designed to protect both a payer and a payee. Payers are protected from the ...
Lien waivers are tied to almost every payment in construction. Because lien waivers are exchanged so routinely on construction projects and are so closely tied to payment, it is important to ...
Law360 (April 2, 2018, 6:06 PM EDT) -- Developers, real estate financers and contractors understand the importance of mechanic's lien waivers. Since mechanic's liens can cloud title and hinder the ...
Ensuring the language in lien waivers is conditional upon the actual receipt of payment and that the waiver is limited to the extent of payment received have long been the most crucial issues whenever ...
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, however, has taken a long ...
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 ...
To many, a lien waiver might seem like one more minor item on a construction contract full of small items. But failing to use lien waivers in a timely and proper way can lead to problems for everyone ...
This new feature has been added to the company’s TimberScan purchase-to-pay platform and associates the release of funds with the receipt and inspection of the lien waiver, AvidXchange said in a ...
Lien waivers are part of doing business for contractors. If you want to get paid, most owners or general contractors will require that you submit a signed lien waiver with your payment application. On ...