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Final Waiver Of Lien Form
"I need a Final Waiver of Lien Form for a completed residential construction project in Lagos, Nigeria, where I've received the final payment of ₦15 million on March 15, 2025, and need to release all lien rights as the general contractor."
1. Project Identification: Details of the construction project including project name, address, and any relevant project numbers or identifiers
2. Parties: Identification of the waiving party (contractor/subcontractor/supplier) and the party receiving the waiver (usually property owner or general contractor)
3. Payment Acknowledgment: Statement acknowledging receipt of payment, including the amount received and date of receipt
4. Waiver Declaration: Explicit statement waiving all lien rights against the property related to the work performed or materials supplied
5. Scope of Work: Description of the work performed or materials supplied that are covered by this waiver
6. Warranties and Representations: Statements confirming that all subcontractors and suppliers have been paid and no outstanding claims exist
7. Execution: Signature block with date and notarization requirements
1. Conditional Waiver Clause: Used when the waiver is conditional upon receipt of payment, specifying that the waiver only becomes effective upon actual receipt of specified payment
2. Reservation of Rights: Include when certain rights need to be preserved, such as retention amounts or pending change orders not covered by the current payment
3. Previous Payments Schedule: Added when there's a need to acknowledge prior payments and confirm cumulative amounts received to date
4. Indemnification Clause: Include when additional protection is needed against future claims from subcontractors or suppliers
1. Schedule A - Payment Details: Detailed breakdown of payment amounts, including original contract sum, change orders, and current payment
2. Schedule B - Project Scope Details: Detailed description of work performed or materials supplied covered by the waiver
3. Appendix 1 - Supporting Documents: Copies of relevant invoices, payment receipts, or other supporting documentation
4. Appendix 2 - Authorized Signatories: List of authorized signatories and their positions when multiple parties are involved in signing the waiver
Authors
Construction
Real Estate
Infrastructure Development
Commercial Property
Residential Property
Industrial Development
Mining
Oil and Gas
Manufacturing
Legal
Construction
Finance
Procurement
Operations
Commercial
Risk Management
Project Management
Contract Administration
Real Estate
Construction Project Manager
Contract Administrator
Legal Counsel
Property Developer
Construction Site Manager
Procurement Manager
Chief Financial Officer
Real Estate Manager
Operations Director
Commercial Director
Risk Manager
Claims Manager
Construction Supervisor
Project Coordinator
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