Texas Conditional Waiver and Release of Lien on Progress Payment by Claimant - Mechanics Liens - Individual

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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.
Under Section 53.171(c) of the Texas Property Code, a mechanics lien can be discharged with a bond even after the dispute has arisen and the lien has been filed. The bond must be substantially higher than the lien amounts.
A Standard Document given by a property landlord to a tenants lender in which the landlord waives its legal and contractual lien rights to a tenants non-real estate collateral for nonpayment of rent under a written lease.
A lien waiver is quite common in the construction business. Essentially, it is a document from a contractor, subcontractor, supplier, or another party who holds a mechanics lien that states they have been paid in full and waive future lien rights to the disputed property.
In Texas, lien waivers must follow the statutory forms in the Texas Property Code. Specifically, Section 53.281 of the Texas Property Code outlines the necessary components for a valid lien waiver. Any lien waiver has to be precise in language. It also needs to be formatted correctly to be considered legal.
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When you have the correct template for the conditional progress payment waiver, simply fill in the required information: Name of Claimant. Write your full business name. Name of Customer. Write the full name of the party who hired you. Job Location. Owner. Through Date. Maker of Check. Amount of Check $ Check Payable to.

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