Minnesota Receipt and Waiver of Mechanic Lien

Minnesota Receipt and Waiver of Mechanic Lien Information

Receipt and Waiver of Mechanic's Liens Rights in Minnesota

During the construction process, the owner (or other parties) may make one or more progress or partial payments on the work or materials furnished to date. Additionally, the owner might pay the full amount or the full amount less any retainage or holdback amounts (used to pay subs and other worker's wages). When a full or partial payment is made, you can issue the owner a waiver for a lien on the amount paid. By issuing the waiver, you give up the right to claim a mechanic's lien for either the full or partial payment amount.

The receipt and waiver contains the following information: 1) date drafted; 2) amount received as full or partial payment; 3) a designation as partial payment for labor, skill, and material furnished; payment for all labor, skill, and material furnished or to be furnished; or full and final payment for all labor, skill, and material furnished or to be furnished; 4) if there are exceptions for amounts for retainage or holdback, the total amounts withheld; and 5) a property description; and 6) description of all materials not yet paid for or names of contractors not yet paid.

Finally, you should ensure that the proper box is checked for the waiver type. If a partial or progress payment was made, check Box #1. If a payment is made for all labor, materials or services furnished or to be furnished except for certain retainage or holdbacks, check Box #2. If a full and final payment was made without exceptions, check Box #3.

This article is provided for informational purposes only and should not be relied upon as a substitute for the advice of an attorney. Please contact a Minnesota attorney with any questions about lien waivers or other related issues.

Deeds.com Minnesota Receipt and Waiver of Mechanic Lien Forms Have Been Updated as Recently as Tuesday January 31, 2023

4.8 out of 5 (3966 Reviews)

What others like you are saying:

LeAnne A. said: Documents are helpful and much appreciated. Grateful for this service when an attorney is not required.

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

Suzan B. said: Using Deeds.com could not have been easier. The examples and line-by-line instructions helped a lot! I am so glad I found you.

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

Michael H. said: Very responsive and thorough. Glad to have found such a great company for our recording needs.

Reply from Staff: Thank you!

Cynthia E. said: good source

Reply from Staff: Thank you!

Debra B. said: I was very glad to have this option for filing a form as it would have taken 4 days due to offices being closed to the public during the COVID 19 epidemic. I found the process to be fairly simple and I was able to file the document within 24 hours.

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

John Z. said: This was an easy to use program. Easy payment. documents are on my desktop ready to fill out. I will have to update after my property transfer. Zuna

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