Virginia - Franklin County Conditional Lien Waiver on Partial Payment Form

Name: Conditional Lien Waiver on Partial Payment
Brand: Deeds.com
Rating: 4.8 (1591 reviews)

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

Franklin County Conditional Lien Waiver on Partial Payment Form Page 1

Conditional Lien Waiver on Partial Payment Form - Franklin County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 6/22/2020

Franklin County Conditional Lien Waiver on Partial Payment Guide Page 1

Conditional Lien Waiver on Partial Payment Guide - Franklin County

Line by line guide explaining every blank on the form.
Included document last updated 6/17/2020

Franklin County Completed Example of the Conditional Lien Waiver on Partial Payment Document Page 1

Completed Example of the Conditional Lien Waiver on Partial Payment Document - Franklin County

Example of a properly completed form for reference.
Included document last updated 7/2/2020

*The Following Virginia and Franklin County supplemental forms are included as a courtesy with your order.

Virginia Land Record Cover Sheet (VLRCS)

When recording a real estate deed in Virginia, a bar-coded, cover sheet is required in many counties/cities. This form must be generated online at the Virginia courts website. The information sheet provides a link to the form generator and further instructions. Contact the local office to confirm whether this cover sheet is required.

VA Circuit Court Deed Fee Schedule

This detailed schedule lists amounts by instrument and includes taxes, both due at the time of recording. We advise customers to contact the local court in order to confirm the amount.

Certificate of Transfer

Use this form for protection of assignees or transferees of debts secured by real estate.

Notary Certificates

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

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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 Franklin County ?
- Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Franklin 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 Conditional Lien Waiver on Partial Payment Forms:

Franklin County

Including:

Boones Mill
Callaway
Ferrum
Glade Hill
Hardy
Henry
Penhook
Redwood
Rocky Mount
Union Hall
Wirtz

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What is the Virginia Conditional Lien Waiver on Partial Payment?

Lien waivers are quid-pro-quo arrangements between contractors and owners, intended to induce payment from an owner in return for the contractor waiving some or all available mechanic's lien rights.

In Virginia, any right to file or enforce any mechanics' lien may be waived in whole or in part at any time by any person entitled to such lien, except that a subcontractor, lower-tier subcontractor, or material supplier may not waive or diminish his lien rights in a contract in advance of furnishing any labor, services, or materials. Va. Code 43-3(C).

Waivers fall under two broad categories of "conditional" and "unconditional," and there are two subcategories of waivers for a "partial" or "final" payment. Each type comes with benefits and risks, so take care to use the correct form for the situation.

A conditional waiver depends on the actual receipt of payment, so use it when a party pays by check, but the recipient is not sure that it will clear. Therefore, if the bank returns the check unpaid, it is still possible to claim a lien down the line. This type of waiver offers greater protection to the contractor.

Use a partial payment waiver to acknowledge a payment on account. Think of it as a receipt that shows the owner has at least paid up to that amount.

So, a conditional waiver on partial payment releases the claimant's lien rights, to an agreed-upon point, on the condition that the check clears at the bank.

When used properly, waivers are advantageous for both a contractor and owner, and can facilitate the flow of business and encourage prompt payment without any unnecessary delays.

This article is provided for informational purposes only and should not be relied upon a substitute for the advice of an attorney. Please contact a lawyer with any questions about Virginia lien waivers.

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Save Time and Money

Get your Franklin County Conditional Lien Waiver on Partial Payment form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties.

Our Promise

The documents you receive here will meet, or exceed, the Franklin County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Customer Reviews:

4.8 out of 5 (1591 Reviews)

July 11th, 2020

Name: John K.

Review: I was unable to finish what I started due to computer crash. I'll get back soon. I paid off my mortgage last year in November. I need to see what to do to get the deed to my property.

Reply from Staff on July 11th, 2020

Thank you!

July 11th, 2020

Name: Linda T.

Review: The application was extremely easy to use with good instructions. Will definitely use a again.

Reply from Staff on July 11th, 2020

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

July 10th, 2020

Name: Jerry O.

Review: Everything I needed including detailed instructions to transfer the deed on my house from me alone to me and my wife as joint owners with right of survivorship. Formatting was compliant and blanks for all information required were provided in all the right places. 5 stars