North Carolina - Mcdowell County Unconditional Waiver on Final Payment Form

Name: Unconditional Waiver on Final Payment
Brand: Deeds.com
Rating: 4.7 (468 reviews)

All Mcdowell County specific forms listed below are included in your immediate download:

Mcdowell County Unconditional Waiver on Final Payment Form Page 1

Unconditional Waiver on Final Payment Form - Mcdowell County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 3/20/2019

Mcdowell County Unconditional Waiver on Final Payment Guide Page 1

Unconditional Waiver on Final Payment Guide - Mcdowell County

Example of a properly completed form for reference.
Included document last updated 4/19/2019

Mcdowell County Completed Example of the Unconditional Waiver on Final Payment Document Page 1

Completed Example of the Unconditional Waiver on Final Payment Document - Mcdowell County

Example of a properly completed form for reference.
Included document last updated 4/9/2019

*The Following North Carolina and Mcdowell County supplemental forms are included as a courtesy with your order.

Notary Certificates

The supplemental forms in this section can be used as loose certificates by notaries in the state.

Frequently Asked Questions:

How long does it take to get my forms?
- Forms are available immediately after submitting payment.
What are supplemental forms?
- Often when a deed is recorded additional documents are required by the state or local jurisdiction. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
How do I get my forms, are they emailed?
- After you submit payment you will see a page listing the forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.
What type of files are the forms?
- All of our forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Can the forms be re-used?
- Yes. You can re-use the forms for your personal use. For example, if you have more than one property in a given county that you need to transfer you would only need to order our forms once for all of your properties in that county.
Are these forms guaranteed to be recordable in Mcdowell County ?
- Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Mcdowell County including margin requirements, content requirements, font and font size requirements.
Do I have to enter all of my property information online?
- No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
- Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Do I need any special software to use these forms?
- You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Are there any recurring fees involved?
- No. Nothing to cancel, no memberships, no recurring fees.

Areas covered by these Unconditional Waiver on Final Payment Forms:

Mcdowell County

Including:

Glenwood
Little Switzerland
Marion
Nebo
Old Fort

What is the North Carolina Unconditional Waiver on Final Payment?

A lien waiver is a document drafted by a potential lien claimant such as a contractor, subcontractor, materials provider, equipment lessor or other party to the construction project (the claimant) that states they have received payment and thereby waive any future lien rights to the owner's property. Simply put, waiving a lien means giving up the right to a future lien in exchange for the payment of the potential lien amount in full or part.

Lien waivers generally fall into two categories: conditional and unconditional. A conditional waiver is effective only upon the triggering of a specific event, such as the payment check clearing. An unconditional waiver is an absolute abandonment of the claimant's right to a future lien whether or not payment is ever made to the possible claimant. North Carolina does not provide for lien waivers by statute, although waivers are still permissible and will be recognized by a state court under the principles of contract law.

An unconditional final waiver upon final payment is the safest waiver for owners because it releases all the claimant's rights to place a mechanics lien on the owner's property, regardless of whether or not the payment check has been returned or a stop payment order was issued. Claimants should issue this type of release only when they are positive their work is done and the payment has cleared their bank. Owners should demand this release when they have paid in full.

By filing the form, the lien claimant represents that he or she either has already paid or will use the money he or she receives from this final payment in order to make prompt payment in full to all his or her laborers, subcontractors, materialmen and suppliers for all work, materials or equipment that are the subject of this waiver and release.

Getting a lien waiver also allows property owners to shield the title to their property from the general contractor, material suppliers, and subcontractors involved with the project. With a lien release upon a final payment, the property owner once again regains clear title and the ability to obtain financing or sell the property.

The property owner should require lien and labor waivers to be submitted with the contractor's invoices and should not authorize payment of any invoice without properly signed lien and labor waivers. Proper lien waivers can protect the property owner from liens filed by the contractor's subcontractors, suppliers and laborers who might record a lien if they are not paid by the contractor.

This article is provided for informational purposes only and should not be relied upon as a substitute for the advice of a legal professional. Please contact an attorney with questions about using lien waivers, or for any other issues related to liens in North Carolina.

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