Final Lien Waiver
If a contractor or their subcontractor(s) do work on your property and fail to get paid, the contractor can lien the property.
In most states, contractors have between six months and two years to place a lien on a property.
Usually, the owner has the burden of proof for ensuring payment to all contractors, subcontractors and vendors. In order to ensure protection from non-payment liability, it is vitally important to acquire a copy of final lien waivers from all contractors.
To ensure you don’t have issues, make sure each contractor’s final lien waiver matches their total contract amount, including change orders.
If you think there is a problem, make sure that the subcontractors have their final lien wavier notarized.
Use the Final Lien Waiver form, to ensure complete legal release from payment from each contractor for the total contract amount.