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Updated over 9 years ago on . Most recent reply

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Reed Starkey
  • Investor
  • Belleville, MI
40
Votes |
131
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Lien Waivers, Construction Lien Act

Reed Starkey
  • Investor
  • Belleville, MI
Posted

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

Most Popular Reply

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied
Originally posted by @Reed Starkey:

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   [ date work began]

Notice of furnishing              [ materials/suppliers]

Sworn Statement                  [facts attesting to your work to file a claim]

Partial Conditional Waiver

Partial Unconditional Waiver

Full Conditional Waiver

Full Unconditional Waiver

Claim of Lien                        [amount and accounting of the money owed]

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

 [my guess as to what he sent since I can't read them] 

You also need in there date work stopped or dates unpaid and dates of demand depending on your state laws. You have a window, generally 90 days to file from non=payment or work stop date. Good luck :)

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