The Contractor's Affidavit of Release of Liens is a crucial document in U.S. construction projects, used when work has been completed and final payment has been received. It serves as legal proof that the contractor has been fully compensated and waives their right to file any future liens against the property. This document is particularly important in real estate transactions, as it helps ensure clear title to the property. The affidavit must comply with state-specific mechanics lien laws and often requires notarization. It typically includes details about the project, confirmation of payments received, and statements releasing all claims against the property.
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1. Identification of Parties: Details of contractor, property owner, and project
2. Project Information: Specific details about the construction project and property
3. Statement of Completion: Declaration that work has been completed according to contract
4. Payment Confirmation: Acknowledgment of payments received
5. Lien Release Statement: Formal release of any claims or liens against the property
6. Notarization Block: Space for notary certification
1. Subcontractor Releases: Additional section for releases from subcontractors when they were involved in the project
2. Material Supplier Releases: Additional section for releases from material suppliers when significant materials were supplied by third parties
3. Conditional Release Language: Additional section with language making release conditional upon payment when final payment hasn't been received yet
1. Schedule A - List of Subcontractors: Complete list of all subcontractors involved in the project
2. Schedule B - Payment History: Detailed record of all payments made and received
3. Schedule C - Supporting Lien Releases: Copies of lien releases from subcontractors and suppliers
Relevant legal definitions
Clauses
Identification
Attestation
Payment Confirmation
Project Description
Lien Release
Waiver of Claims
Payment Certification
Representations and Warranties
Indemnification
Further Assurances
Governing Law
Severability
Notarization
Execution
Verification
Subcontractor Release
Supplier Release
Property Description
Work Completion
Consideration
Attestation
Payment Confirmation
Project Description
Lien Release
Waiver of Claims
Payment Certification
Representations and Warranties
Indemnification
Further Assurances
Governing Law
Severability
Notarization
Execution
Verification
Subcontractor Release
Supplier Release
Property Description
Work Completion
Consideration
Relevant Industries
Relevant Teams
Relevant Roles
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