Illinois Subcontractor's Final Waiver and Release of Mechanic's Lien
Under 770 ILCS 60, Illinois' Mechanic's Lien act, lien waivers are used between a contractor (including a sub or general) and a property owner to induce or encourage final or partial payments in exchange for forfeiting the claimant's right to a mechanic's lien.
Use the Final Lien Waiver after the confirmed final payment on an outstanding mechanic's lien. A subcontractor signs this form and provides to the owner and/or prime contractor in exchange for final payment on the job.
Contact an attorney with questions about the Subcontractor's Final Waiver and Release, or with any other issues related to mechanic's liens in Illinois.
Deeds.com Illinois Subcontractor Final Waiver and Release of Lien Forms Have Been Updated as Recently as Friday December 29, 2017