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Conditional Waiver and Release on Progress Payment  Form

Conditional Waiver and Release on Progress Payment Form

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Instructions and help about Conditional Waiver And Release On Progress Payment

hi everybody linda brandenburg here and my word for today is contractor lean waiver now this document coincides with your contractor agreement it's a very important piece of paper your contractor agreement states what the contractor is going to do it's a legal binding contract between you and your contractor this contractor lean waiver protects you in case the worst case scenario your contractor is disgruntled somewhere halfway through the project and he decides he wants to lean your property every time your contractor takes a draw you have him sign a contractor lean waiver for the amount of the draw and you subtract that off the balance of the estimate that he was giving you and then you have a balance left so every time he takes the draw your balance is getting smaller and smaller and smaller and smaller until the last straw which will be your final walk through and then you give the contractor his final draw again this protects you in case of a disgruntled contractor

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