Isle Of Wight County Unconditional Lien Waiver on Final Payment Form

Additional Virginia and Isle Of Wight County documents included at no extra charge:

Where to Record Your Documents

---

Cities and Jurisdictions in Isle Of Wight County

Properties in any of these areas use Isle Of Wight County forms:

• Battery Park
• Carrollton
• Carrsville
• Isle Of Wight
• Rescue
• Smithfield
• Windsor
• Zuni

---

Lien waivers are used between contractors and property owners as a quid-pro-quo arrangement to induce payment from an owner in return for the contractor waiving some or all available mechanic's lien rights. If the appropriate waivers are used, they offer advantages for both the contractor and the owner.

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). A provision that waives or diminishes a subcontractor's, lower-tier subcontractor's, or material supplier's lien rights in a contract executed prior to providing any labor, services, or materials is null and void. Id.

The Virginia legislature does not mandate a required form of a lien waiver, so common law principles of contract allow for the parties to use any form that clearly spells out their intentions. Note that it is a felony for any person to knowingly present a waiver form to an owner, his agent, contractor, lender, or title company for the purpose of obtaining funds or title insurance if the person forges or signs the form without authority. Va. Code. 43-13.1.

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.

An unconditional waiver becomes effective when presented to the owner or other party, regardless of whether or not the payment is valid. If you unconditionally waive a lien, you can still sue on a breach of contract or other legal theory, but that is no substitute for the protections and ease of a mechanic's lien in recovering any money owed. An unconditional waiver gives an owner more protection while taking away some rights from the contractor.

Only use an unconditional final waiver AFTER receiving the final or full payment.

So, when used properly, waivers can facilitate the flow of business and encourage prompt payment.

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

Important: Your property must be located in Isle Of Wight County to use these forms. Documents should be recorded at the office below.

This Unconditional Lien Waiver on Final Payment meets all recording requirements specific to Isle Of Wight County.

Our Promise

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

Save Time and Money

Get your Isle Of Wight County Unconditional Lien Waiver on Final 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 and local jurisdictions.

4.8 out of 5 - ( 4582 Reviews )