Document background
A Lien Waiver (Real Estate) is a critical document in Philippine real estate and construction transactions, used when a party wishes to formally relinquish their right to place or maintain a lien on a property. This document is typically required during construction projects or property developments when payments are made to contractors, subcontractors, or suppliers. Under Philippine law, particularly the Civil Code and Presidential Decree No. 1529, these waivers help ensure clear property titles and protect property owners from future claims. The document can be either conditional (pending payment) or unconditional (after payment), and may be partial (for specific work phases) or final (for project completion). It includes detailed information about the property, the parties involved, the work performed, and the payments received.
