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Conditional Waiver and Release Upon Progress Payment Colorado Form

Conditional Waiver and Release Upon Progress Payment Colorado Form

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There are a lot of document names and jargon involved in construction payments, and as a result, documents like lien waivers and lien releases can get mixed up. Since we know that lien waivers are like receipts -- and used when payments are exchanged -- we can think of them as transactional documents that help avoid liens. A lien RELEASE, however, would be needed ONLY if a lien has already been filed on a property. Lien releases go by different names, like “lien cancellation,” and do exactly what they sound like they would: They remove the mechanics lien from a property. You should not release a lien until the payment has been made or the payment dispute is settled. Mechanics liens are the best way to make sure you're paid when a dispute takes place, so releasing a lien early could be a huge mistake. Lien releases also need to be filed with the county recorder's office where the lien was filed in order to remove the lien from the property.  Generally, this is prett

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