Virginia - Petersburg City Conditional Lien Waiver on Partial Payment Forms

All Petersburg City specific forms listed below are included in your immediate download:

Conditional Lien Waiver on Partial Payment Form - Petersburg City

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 2/25/2021

Conditional Lien Waiver on Partial Payment Guide - Petersburg City

Line by line guide explaining every blank on the form.
Included document last updated 10/29/2021

Completed Example of the Conditional Lien Waiver on Partial Payment Document - Petersburg City

Example of a properly completed form for reference.
Included document last updated 10/27/2021

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

Certificate of Transfer Form (Virginia Document)

Virginia Land Record Cover Sheet - Information (Virginia Document)

VA Circuit Court Deed Fee Schedule (Virginia Document)

Certificate of Acknowledgment (Virginia Document)

Jurat (Virginia Document)

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Areas covered by these Conditional Lien Waiver on Partial Payment Forms:

• Petersburg City

Including:

• Petersburg

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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 Petersburg City 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 Petersburg City recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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