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Mechanic's liens are governed under Title 32 of Indiana Code. A waiver is a knowing relinquishment of a right. In this case, the person granting the waiver is relinquishing 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 Indiana, there are no statutory forms for waivers although according to the principles of contract law, the parties may agree to such modifications in writing.
Use the final waiver when a customer makes the final payment, meaning nothing is left due and owing after this payment. This waiver is conditioned upon the payment actually clearing and it will not be effective until that happens.
Waivers must identify the parties, the type of materials/services provided, the location of the job, and the claimant's notarized signature. Record the completed document in the land records for the county where the property is located.
This article is provided for information purposes only and should not be relied upon as a substitute for the advice from an attorney. Please speak with an Indiana attorney with questions about using a lien waiver, or any other issues related to mechanic's liens in Indiana.
Deeds.com Indiana Final Lien Waiver Forms Have Been Updated as Recently as Friday May 6, 2022
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