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Video Guide on No Lien Affidavit Forms management

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Commonly Asked Questions about No Lien Affidavit Forms

The No Lien Letter is a requirement of the Borough and your financial institution. This letter verifies that there are no municipal liens filed against the property. It further indicates if there are any outstanding Sewer Charges/Taps or Real Estate Taxes that need to be satisfied.
A Mechanics Lien Affidavit is a document used by contractors, suppliers, and any person that is not getting paid for the labor, services or materials delivered to a construction project.
Lien waivers act as a receipt for funds for the receiving party. They specify that the party waives their right to file a mechanics lien. As a result, they protect the property owner from lien claims on their property.
Lien waivers, sometimes called lien releases, act as a receipt for payment. They are exchanged by people at the time of payment on a construction project. Its common for subcontractors and suppliers to include lien waiver documents with their pay applications or invoices.
Illinois Lien Waiver Rules No Specific Form. Illinois does not require the use of any specific lien waiver form in order for the waiver to be enforceable. Notarization Not Required. Cannot Waive Rights in Contract. Can Waive Rights Before Payment.