Alabama - Morgan County Conditional Lien Waiver on Final Payment Form

Name: Conditional Lien Waiver on Final Payment
Brand: Deeds.com
Rating: 4.7 (983 reviews)

All Morgan County specific forms listed below are included in your immediate download:

Morgan County Conditional Lien Waiver on Final Payment Form Page 1

Conditional Lien Waiver on Final Payment Form - Morgan County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 11/8/2019

Morgan County Conditional Lien Waiver on Final Payment Guide Page 1

Conditional Lien Waiver on Final Payment Guide - Morgan County

Line by line guide explaining every blank on the form.
Included document last updated 11/6/2019

Morgan County Completed Example of the Conditional Lien Waiver on Final Payment Document Page 1

Completed Example of the Conditional Lien Waiver on Final Payment Document - Morgan County

Example of a properly completed form for reference.
Included document last updated 11/11/2019

*The Following Alabama and Morgan County supplemental forms are included as a courtesy with your order.

RT-1

This is a required form due at the time of filing. The form, called the "Real Estate Sales Validation Form" and labeled "Form RT-1," is to be signed by the grantor, grantee, owner or agent, and requires, in addition to other basic information, the total purchase price, the actual value, or the assessor's market value of the property.

Non-Resident Withholding Forms

The forms included at the end of this package are for non-resident transfers, which include individuals, trusts, partnerships, corporations, limited liability companies, limited liability partnerships, and unincorporated organizations. The package includes all the information and forms that the State of Alabama requires regarding a non-residence transfer of real property. Forms in package must be printed before filling in. The individual forms are the same as those in the package, but can be filled out before printing.

Alabama Homestead Exemptions

H1 Homestead Exemption 1 is available to all citizens of Alabama who own and occupy single-family residences, including manufactured homes, as their primary residences and use their property for no other purposes. The amount of the exemption is $4,000 in assessed value for State taxes and $2,000 in assessed value for County taxes.

Notary Certificates

The supplemental forms in this section can be used as loose certificates by notaries in the state.

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Frequently Asked Questions:

How long does it take to get my forms?
- Forms are available immediately after submitting payment.
What are supplemental forms?
- Often when a deed is recorded additional documents are required by the state or local jurisdiction. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
How do I get my forms, are they emailed?
- After you submit payment you will see a page listing the forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.
What type of files are the forms?
- All of our forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Can the forms be re-used?
- Yes. You can re-use the forms for your personal use. For example, if you have more than one property in a given county that you need to transfer you would only need to order our forms once for all of your properties in that county.
Are these forms guaranteed to be recordable in Morgan County ?
- Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Morgan County including margin requirements, content requirements, font and font size requirements.
Do I have to enter all of my property information online?
- No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
- Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Do I need any special software to use these forms?
- You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Are there any recurring fees involved?
- No. Nothing to cancel, no memberships, no recurring fees.

Areas covered by these Conditional Lien Waiver on Final Payment Forms:

Morgan County

Including:

Danville
Decatur
Eva
Falkville
Hartselle
Laceys Spring
Somerville
Trinity
Valhermoso Springs

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What is the Alabama Conditional Lien Waiver on Final Payment?

Alabama Conditional Waiver and Release of Lien on Final Payment

Alabama mechanic's liens are governed under Chapter 11 of the Alabama Property Code (Section 11). Throughout the construction process, potential claimants may elect to serve the property owner with a lien waiver in exchange for partial or full payment.

The term "waiver" refers to giving up a legal right. In this case, the person granting the waiver is giving up the right to seek a mechanic's lien for all or part of the amount due. This assurance is usually enough to get the other party to pay. In Alabama, there are no statutory forms for waivers although according to the principles of contract law, the parties may agree to such modifications in writing.

Waivers generally come in four varieties: conditional or unconditional, and partial or final. A conditional waiver means the waiver is conditioned upon the claimant receiving the amount due, while unconditional waivers are effective regardless if payment is actually made. Partial waivers are used to waive a lien for up to the partial or progress payment amount, and final waivers release all lien rights based on a customer's full payment.

Use a final conditional waiver when the full and final payment is made, but there are doubts about the payment method. For instance, if there are any concerns a final check won't clear, opt for a conditional waiver. This option protects the claimant's rights to lien until the payment is confirmed, at which point the waiver goes into effect.

This article is provided for informational purposes only and should not be relied upon as a substitute for the advice from an attorney. Please contact an attorney with questions about waivers or anything else related mechanic's liens in Alabama.

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Save Time and Money

Get your Morgan County Conditional Lien Waiver on Final Payment form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties.

Our Promise

The documents you receive here will meet, or exceed, the Morgan County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Customer Reviews:

4.7 out of 5 (983 Reviews)

November 18th, 2019

Name: sakkubai p.

Review: It was easy to download and I love it.I am going to take them to our attorney. If she approve it I am going to print for other counties too, where we have other properties. thanks.