Lien waiver 3739-2026

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The document is a model lien waiver intended for use in construction loan transactions. It outlines the process for waiving and releasing any claims or liens related to labor, materials, or services provided for a specific property. The document emphasizes the need for legal counsel to ensure compliance with applicable laws and includes sections for contractor affidavits detailing contract amounts, payments received, and parties involved in the work.

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Click ‘Get Form’ to open the lien waiver 3739 in the editor.
Begin by filling in the 'State of' and 'County of' sections at the top of the form. This identifies the jurisdiction where the waiver is being executed.
In the section labeled 'TO WHOM IT MAY CONCERN', enter the name of the entity that has employed you, along with a description of the work performed and premises involved.
Specify the amount for which you are waiving your lien rights in both words and numbers. Ensure this reflects the total payment received.
Complete the signature section, including your name, title (if applicable), and date. If representing a corporation or partnership, ensure proper titles and seals are included.
For the contractor's affidavit section, provide details about contract amounts, payments received, and any outstanding balances. List all parties involved in labor or materials provided.
Finally, review all entries for accuracy before signing and submitting your completed lien waiver.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the point of a lien waiver?

Payment Protection: Lien waivers protect property owners by providing assurance that contractors, subcontractors, and suppliers have been paid or will be paid for their services or materials. This reduces the risk of potential liens against the property.

Can a contractor put a lien on my house without me knowing?

Homeowners often ask, Can a contractor put a lien on my house without notice? In most states, contractors are required to provide a preliminary notice before filing a lien. However, the rules vary by state, so its essential to understand your local laws.

What is the statute of lien waivers in Indiana?

Indiana statute restricts lien waivers. The state prohibits unconditional lien waivers, as long as they are not advance lien waivers. State law prohibits the waiver of the right to file a lien prior to payment for the labor. Contracts requiring a party to waive their claims under a payment bond are prohibited.

Who files a lien waiver?

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.

Which type of lien waiver is best for property owners?

Making the Right Choice: Protect Your Business with Proper Lien Waivers. As a best practice, always use conditional lien waivers when payment is still pending, and reserve unconditional waivers for situations where payment has been confirmed.

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