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Unconditional Waiver and Release of Lien Upon Final Payment - Iowa 2025

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The document is an Unconditional Waiver and Release of Lien Upon Final Payment, where the lienor waives their right to claim a lien for labor, services, or materials provided to a customer upon receiving final payment. It includes spaces for dates, amounts, property descriptions, and signatures, as well as a notary acknowledgment.

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What is the meaning of unconditional lien waiver?

An Unconditional Lien Waiver in the construction industry is a signed document from a contractor, subcontractor, materials supplier, laborer, or other party involved in a construction project, which gives up their right to place a lien on the property unconditionally, typically after they have received full or partial

Which type of lien waiver is the safest waiver for potential claimants?

Progress payments state the amount of payment made in exchange for the waiver to date. While final payment waiver will waive all lien rights associated with the project. Both conditional and unconditional lien waivers are allowed, but conditional is viewed as the safer option.

Do lien waivers need to be notarized in Iowa?

Both conditional and unconditional lien waivers will be considered as valid and enforceable, as long as the waiver is clear and intended by both parties. Iowa has no requirement that a lien waiver must be notarized.

What is the difference between a lien waiver and a lien release?

Unlike lien waivers, which are sent to the party making payment, lien release forms are filed in the county recorders office where the lien claim was filed. Although the form varies slightly from state to state, there is some general information that should always be included.

What is the meaning of waiver of lien?

A lien waiver is a written agreement between a payer and a counterparty where said counterparty gives up their right to place a lien on the payers property or goods. Lien waivers are often used in the construction industry throughout phases of projects.

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Is a lien release the same as a lien waiver?

Any time a subcontractor or supplier submits a payment application, a lien waiver is usually nearby. A lien release has no specific time frame. They may be necessary during the project or even after its completion. However, they will only come into play after filing a mechanics lien against the property.