Progressive Lien Release

ncurls

Hi.

I've finally made the jump to general after having been in carpentry for well over 10 years.

I'm putting together the 'back office' type paperwork, including contracts and other docs. Does anyone have any experience with a progressive lien release they would share with me? I'm looking for both your experience and the wording of the lien release if possible.

Thanks.

TCS

You are talking about a waiver of lien, this will protect you after you pay your subs if they do not pay thier suppliers. Make it a practice to have your subs complete this form for all major suppliers before payment.

ChrWright

What I think you are referring to are lien releases as you are paid for the portion of project paid for.

In my area, many new construction bank draws require this as part of releasing a check to you. You provide to them a lien release for the portion of project they are paying you for.

As for writing that into a contract, that's a question for an attorney and no one other than an attorney is qualified to give you legal advice as such.

Unfortunately, you can have an attorney write the most bullet proof contract ever written--but if no one ever agrees to sign it, then where are you?

You need to talk with someone (an attorney) who's an expert on lein law in your state. What is common and legal in my area may not necessarily apply to you.

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