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Updated over 9 years ago,
Lien Waivers, Construction Lien Act
I asked my attorney for some Lien waivers, and I got more than I understand. I was hoping to pull from the vast knowledge of BP to help explain.
I received the following:
Notice of Commencement
Notice of furnishing
Sworn Statement
Partial Conditional Waiver
Partial Unconditional Waiver
Full Conditional Waiver
Full Unconditional Waiver
Claim of Lien
I think I understand the Partial/Full Conditional/Unconditional Waiver, but I am a bit confused on the rest. If someone could explain these in laymen's terms, It would be a great help.
Thank you