The Contractor's Final Payment Affidavit and Release of Lien is a crucial document in U.S. construction project closeouts. It's typically required when a contractor has completed all work and is ready to receive final payment. This document provides protection for property owners by ensuring all subcontractors and suppliers have been paid and that no future liens can be filed against the property. It includes detailed information about the project, payments received, and a sworn statement regarding the settlement of all obligations. The document must comply with state-specific mechanics lien laws and usually requires notarization.
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1. Project Identification: Details of the construction project including address and contract reference
2. Contractor Information: Legal name and contact information of the contractor
3. Payment Confirmation: Statement confirming receipt of final payment amount
4. Lien Release Statement: Formal release of all lien rights against the property
5. Affidavit of Payment: Sworn statement that all subcontractors and suppliers have been paid
6. Execution: Signature block with notarization requirement
1. Conditional Release: Release contingent upon receipt of final payment - used when payment hasn't been received yet
2. Subcontractor List: Detailed list of all subcontractors and suppliers - used for larger projects with multiple subcontractors
3. Payment Schedule: Breakdown of payments received to date - used when required by state law or contract
1. Schedule A - Project Details: Detailed description of the project scope and location
2. Schedule B - Payment History: Complete record of all payments made under the contract
3. Schedule C - Subcontractor Releases: Copies of lien releases from all subcontractors
Relevant legal definitions
Clauses
Identification of Parties
Project Description
Payment Confirmation
Lien Release
Affidavit Statement
Warranty of Payment
Indemnification
Representation and Warranty
Waiver of Claims
Payment Acknowledgment
Release of Rights
Subcontractor Confirmation
Notarization Requirements
Governing Law
Severability
Amendment
Attestation
Authority to Execute
Binding Effect
Notice
Project Description
Payment Confirmation
Lien Release
Affidavit Statement
Warranty of Payment
Indemnification
Representation and Warranty
Waiver of Claims
Payment Acknowledgment
Release of Rights
Subcontractor Confirmation
Notarization Requirements
Governing Law
Severability
Amendment
Attestation
Authority to Execute
Binding Effect
Notice
Relevant Industries
Relevant Teams
Relevant Roles
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