Lake County Unconditional Lien Waiver Form

Additional Colorado and Lake County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Lake County

Properties in any of these areas use Lake County forms:

• Climax
• Leadville
• Twin Lakes

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Find Colorado's General Mechanic's Lien laws at C.R.S. 38-22.

There are two types of lien waivers -- conditional and unconditional. A conditional waiver only becomes effective when a triggering event occurs, activating the waiver clause. The event is usually the payment of the due amount or the clearing of an issued check. A conditional waiver offers more protection for the contractor or subcontractor and less for the owner.

The second type of waiver is an unconditional waiver and is effective upon its issue to waive a lien claim for all or part of the potential claim amount. This waiver offers the owner stronger protection and the contractor or subcontractor less assurance of payment. Therefore, it should only be granted when the contractor or sub is close to 100% certain that payment will clear.

Be aware that if a lien claimant grants an unconditional waiver and the payment never arrives or the check bounces, he or she is out of luck for a mechanic's lien claim. There is still an option of recovery by filing a lawsuit based on a breach of contract, but such a suit could be lengthy, costly, and without any guarantee of a recovery in the end.

So, use the unconditional waiver once the money is sitting in the bank account or in situations without any doubt that the owner intends to pay.

This article is provided for informational purposes only and should not be relied upon as a substitute for an attorney's advice. Please contact a Colorado attorney with any specific question about lien waivers.

Important: Your property must be located in Lake County to use these forms. Documents should be recorded at the county recording office listed above.

This Unconditional Lien Waiver meets all recording requirements specific to Lake County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Lake County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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