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Lien Waiver
"I need a conditional Lien Waiver for a commercial building project in Lagos, where my company is the main contractor receiving a progress payment of ₦50 million in March 2025, with more payments to follow."
1. Project Identification: Details of the construction project including address, project name, and any relevant permit numbers
2. Waiving Party Information: Full legal name and details of the party waiving their lien rights
3. Beneficiary Information: Details of the party benefiting from the lien waiver (usually the property owner or general contractor)
4. Payment Acknowledgment: Specific amount received or to be received as consideration for the waiver
5. Waiver Statement: Clear statement of the rights being waived and the extent of the waiver
6. Property Description: Legal description of the property to which the lien waiver applies
7. Effective Date: Date when the waiver becomes effective
8. Signature Block: Space for signatures, witnessing, and notarization
1. Conditional Waiver Terms: Used when the waiver is conditional upon receipt of payment, specifying the conditions that must be met
2. Partial Waiver Scope: Required when the waiver applies only to specific work or time period, detailing what is and isn't covered
3. Retained Rights Statement: Statement of any rights specifically retained by the waiving party, used when not all rights are being waived
4. Progress Payment Details: For partial waivers, details of progress payments and work completed to date
5. Third-Party Rights: Statement regarding rights of subcontractors or suppliers, if applicable
1. Schedule A - Payment Details: Detailed breakdown of payments received and/or pending
2. Schedule B - Work Description: Detailed description of work completed or materials supplied
3. Schedule C - Project Documentation: Copies of relevant permits, contracts, or other project documents
4. Appendix 1 - Property Documents: Legal property description and relevant title documents
5. Appendix 2 - Supporting Affidavits: Any required affidavits or statutory declarations
Authors
Construction
Real Estate
Infrastructure Development
Commercial Property
Residential Property
Industrial Development
Oil and Gas
Mining
Hospitality
Healthcare
Education
Retail
Legal
Construction
Operations
Finance
Procurement
Risk Management
Compliance
Property Management
Project Management
Contract Administration
Construction Manager
Project Manager
Contract Administrator
Legal Counsel
Property Developer
Real Estate Manager
Construction Site Supervisor
Procurement Manager
Finance Director
Operations Manager
Facilities Manager
Risk Manager
Compliance Officer
General Counsel
Project Coordinator
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