In the context of a lien waiver, "its" typically refers to the entity or individual that is granting the waiver. A lien waiver is a legal document in which a contractor, subcontractor, or supplier relinquishes their right to file a lien against a property, often in exchange for payment. The term "its" signifies the party's acknowledgment of the waiver's terms and conditions, indicating their agreement to forgo any claims against the property related to unpaid work or materials.
this is a waiver of lien by contractor, subcontractor, or supplier.
Obtain legal advice for your jurisdiction.
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.
The lien will be "notarized" (rendered enforceable), when it is filed with the clerk of the court that holds jurisdiction in such matters.
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.
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
What's a "lien"? If you mean lion, then Africa. :)
Collision Damage Waiver
It means that the court is officially documenting that a lien exists to protect the lien-holder's interest.
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
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.
what do you mean by property? But a lien can go in animal control.