With us it’s fast, easy, free, and done right. Since the legal ramifications of lien waivers are immense, who is allowed to sign them? This means that the lien waiver moves a company from being a secured (or potentially secured) creditor to an unsecured creditor. A lien wavier document gives away a company’s rights to secure the money owed to them on a project through an interest in the property itself. More than just a document to be rubber-stamped to facilitate payment, however, a lien waiver is a document that has significant effects on legal rights. And, in an industry as fraught with potential problems as construction, this is of paramount importance. The lien waiver document is crucial to making construction payment run smoothly. On the flip side, parties requesting and receiving payment routinely sign and deliver these documents to the paying parties (even before they are requested to) to streamline payment in an attempt to increase cash-flow and speed up payment. Lien waivers are critical components of construction payment. Property owners and GCs rely on waivers to make sure the they able to appropriately manage the risk of double payment and to protect against mechanics lien claims.

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