Kentucky Partial Conditional Lien Waiver

Mechanic's liens are governed under Chapter 376 of Kentucky Revised Statutes (K.R.S.). Although Kentucky law doesn't provide a required format for a waiver, claimants can use various types of lien waivers in order to simplify payments between contractors, subcontractors, customers, and property owners. 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.

Lien waivers are generally either based on a partial/progress payment or a final payment, and may be conditional or unconditional. Partial waivers release a portion of the lien rights, determined by the amount paid. Final waivers release all lien rights because the balance is paid in full. Conditional waivers give more protection to the claimant, and are dependent on any payments clearing the bank. Unconditional waivers give the advantage to the party responsible for paying, and take effect immediately upon recording, regardless of whether or not the bank covers the check.

Regardless of their nature, waivers must identify the parties, a description of the location and type of goods and/or services provided, significant dates, fees, and payments. Record the completed waiver in the office responsible for maintaining the land records for the county where the subject property is located.

A partial conditional waiver is used when a progress or partial payment is made and money is still due and owing. The waiver applies only to the partial payment amount and is conditioned upon the actual receipt of that money.

This article is provided for information purposes only and should not be relied upon as a substitute for the advice from a legal professional. Please speak with an attorney with questions about using a lien waiver, or for any other issues related to liens in Kentucky.

Deeds.com Kentucky Partial Conditional Lien Waiver Forms Have Been Updated as Recently as Monday August 12, 2019

4.7 out of 5 (779 Reviews)

What others like you are saying:

Gisela A. said: Great selection of documents. Properly formatted form also included great instructions and the example was very helpful. Filed it myself - no problem!

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!

donald h. said: very informative and thank everyone involved,my deed needed to be changed and will adjusted.

Reply from Staff: Thank you!

Joseph L. said: Very easy to fill out and and saved a lot of extra cost by doing it ourselves and getting it notarized.

Reply from Staff: Thank you Joseph, we really appreciate your feedback.

Carl S. said: Complete and easy to order. Helpful other documents were included.

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!

David R. said: Great source of all required legal documents and supplements.

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Beverly A. said: The forms are incredibly easy to fill out. Thanks for the examples!

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!