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Updated almost 12 years ago,
Lien Release for Contractor
I'm wrapping up my first residential rehab and am about to pay the GC the final draw for interior work (we split the rehab into 2 jobs w/2 scopes of work: interior and exterior, primarily b/c of timing issues due to cold weather up here in the northeast and not knowing exactly when exterior would be finished).
Would it be best to have him sign off on a lien release now - at the conclusion of the interior - or after the exterior job and thus, very last payment, has been made to him?
Also, is a lien release form available here on BP? I haven't found one yet.
And finally, I read in some other forum posts here that rehabbers should get lien releases from subs as well. Is this necessary here? I hired someone to act as General Contractor and he hired the subs, not me. I understand anyone can sue anyone, but it seems a bit untenable for me to get all the subs to sign off, especially when some of them finished their portion of the work almost 2 months ago.
Thanks for any insight!