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Blank Illinois Final Waiver Of Lien PDF Form

The Illinois Final Waiver of Lien form serves as a legal document that allows contractors and subcontractors to relinquish any claims or liens they may have against a property after receiving payment for their services. By completing this form, the undersigned acknowledges receipt of payment and confirms that no further claims will be made regarding the work performed. If you need to fill out this form, please click the button below.

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The Illinois Final Waiver of Lien form serves as a crucial document in construction and contracting processes, ensuring that all parties involved are protected from potential disputes over payments. This form is utilized by contractors and subcontractors to formally relinquish any claims to a lien against a property after receiving payment for services rendered. Key components of the form include the identification of the parties involved, the specific work or materials provided, and the total contract amount. By signing this document, the contractor acknowledges receipt of payment and confirms that no further claims will be made regarding the work completed. Additionally, the form requires a sworn affidavit from the contractor, affirming that all waivers are genuine and that there are no outstanding claims against the property. This transparency helps maintain trust among all parties and facilitates smoother transactions in the construction industry.

Sample - Illinois Final Waiver Of Lien Form

FINAL WAIVER OF LIEN

STATE OF ILLINOIS	} SS	Gty # _____________________
COUNTY OF _____________________________	} SS	Escrow # _____________________

TO WHOM IT MAY CONCERN:

WHEREAS the undersigned has been employed by ____________________________________________________________________

to furnish _____________________________________________________________________________________________________

for the premises known as ________________________________________________________________________________________

of which ___________________________________________________________________________________________ is the owner.

THE undersigned, for and in consideration of _________________________________________________________________

($__________________________) Dollars, and other good and valuable considerations, the receipt whereof is hereby acknowledged,

do(es) hereby waive and release any and all lien or claim of, or right to, lien, under the statutes of the State of Illinois, relating to mechanics’ liens, with respect to and on said above-described premises, and the improvements thereon, and on the material, fixtures, apparatus or machinery furnished, and on the moneys, funds or other considerations due or to become due from the owner, on account of all labor, services, material, fixtures, apparatus or machinery, heretofore furnished, or which may be furnished at any time hereafter, by the undersigned for the above-described premises, INCLUDING EXTRAS.*

DATE ____________________________ COMPANY NAME ________________________________________________________

ADDRESS ________________________________________________________________

SIGNATURE AND TITLE _______________________________________________________________

* EXTRAS INLCUDE BUT ARE NOT LIMITED TO CHANGE ORDERS, BOTH ORAL AND WRITTEN, TO THE CONTRACT.

-------------------------------------------------------------------------------------------------------------------------------------------------------------------

STATE OF ILLINOIS	} SS	CONTRACTOR’S AFFIDAVIT
COUNTY OF _____________________________	} SS	CONTRACTOR’S AFFIDAVIT
TO WHOM IT MAY CONCERN:

THE UNDERSIGNED, (NAME) ____________________________________________ BEING DULY SWORN, DEPOSES

AND SAYS THAT HE OR SHE IS (POSITION) __________________________________________________________________ OF

(COMPANY NAME) _______________________________________________________________________________ WHO IS THE

CONTRACTOR FURNISHING __________________________________________________________ WORK ON THE BUILDING

LOCATED AT ________________________________________________________________________________________________

OWNED BY __________________________________________________________________________________________________

That the total amount of the contract including extras* is $______________________________ on which he or she has received

payment of $ __________________________ prior to this payment. That all waivers are true, correct and genuine and delivered

unconditionally and that there is no claim either legal or equitable to defeat the validity of said waivers. That the following are the names and addresses of all parties who have furnished material or labor, or both, for said work and all parties having contracts or sub contracts for specific portions of said work or for material entering into the construction thereof and the amount due or to become due to each, and that the items mentioned include all labor and material required to complete said work according to plans and specifications:

NAMES AND ADDRESSES

WHAT FOR

CONTRACT PRICE INCLDG EXTRAS*

AMOUNT

PAID

THIS

PAYMENT

BALANCE

DUE

TOTAL LABOR AND MATERIAL INCLUDING EXTRAS* TO COMPLETE

That there are no other contacts for said work outstanding, and that there is nothing due or to become due to any person for material, labor or other work of any kind done or to be done upon or in connection with said work other than above stated.

DATE ___________________________ SIGNATURE _______________________________________________________

SUBSCRIBED AND SWORN TO BEFORE ME THIS _______________ DAY OF ___________________________,________,

*EXTRAS INCLUDE BUT ARE NOT LIMITED TO CHANGE

ORDERS, BOTH ORAL AND WRITTEN, TO THE CONTRACT.

________________________________________________

NOTARY PUBLIC

Compliments of Greater Illinois Title Company; for Internal and External Use.

Universal Doc Ref: GP_IEF0029-20050804-R1-0

Document Breakdown

Fact Name	Fact Details
Purpose	The Illinois Final Waiver of Lien form is used to waive and release any claims of lien against a property after payment has been received.
Governing Law	This form is governed by the Illinois Mechanics Lien Act.
Parties Involved	The form involves the contractor or subcontractor providing services and the property owner.
Payment Acknowledgment	The form requires acknowledgment of payment received, ensuring that the contractor has been compensated.
Extras Definition	Extras include change orders, both oral and written, that may affect the contract amount.
Notary Requirement	The signature of the contractor must be notarized to validate the waiver.
Completion of Work	The form confirms that all labor and materials required to complete the work have been accounted for.
Legal Protection	By signing the waiver, the contractor protects the property owner from future lien claims related to the work performed.

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Misconceptions

Understanding the Illinois Final Waiver of Lien form is crucial for contractors and property owners. However, several misconceptions can lead to confusion. Here are six common misunderstandings:

It is a guarantee of payment. Many believe that signing the waiver ensures they will receive payment. In reality, it simply releases the right to file a lien; it does not guarantee payment has been made.
All contractors must use this form. Some think that every contractor is required to use the Illinois Final Waiver of Lien form. However, it is not mandatory for all situations. It is typically used in specific circumstances, particularly when final payments are made.
It covers future work automatically. There is a belief that the waiver covers all future work. In fact, the waiver only applies to work completed up to the date it is signed. Any additional work would require a new waiver.
Signing it means you cannot file a lien later. Some assume that once they sign the waiver, they lose the right to file a lien forever. This is not true. If the waiver is signed but payment is not received, legal options may still exist.
It is the same as a partial waiver. Many confuse the final waiver with a partial waiver. A final waiver releases all claims related to a project, while a partial waiver only applies to specific amounts or phases of work.
It is only for contractors. Some people think that only contractors can use this form. In reality, subcontractors and suppliers can also utilize it to waive their lien rights on a project.

Being aware of these misconceptions can help individuals navigate the complexities of construction law in Illinois more effectively.

Documents used along the form

The Illinois Final Waiver of Lien form is an important document in the construction industry, ensuring that all parties involved in a project are protected from future claims related to unpaid work. However, it is often used in conjunction with other forms and documents that further clarify the terms of the agreement and protect the rights of those involved. Below is a list of commonly associated documents that you may encounter alongside the Final Waiver of Lien.

Contractor's Affidavit: This document is sworn by the contractor and confirms the total contract amount, payments received, and the validity of any waivers. It provides assurance that all parties involved have been paid for their contributions.
Preliminary Notice: Typically sent at the beginning of a project, this notice informs property owners of the contractor's involvement and their right to file a lien if payment issues arise. It serves as a proactive measure to protect the contractor's interests.
Change Order: A change order outlines any modifications to the original contract, including adjustments in scope, cost, or schedule. It must be agreed upon by all parties to ensure clarity and avoid disputes.
Subcontractor Waiver of Lien: This document is similar to the Final Waiver of Lien but is specifically for subcontractors. It ensures that subcontractors waive their right to file a lien against the property once they are paid.
Notice of Intent to Lien: This notice serves as a warning to the property owner that a lien may be filed if payment is not received. It is an important step in the lien process and encourages timely payment.
Release of Lien: Once payment has been made, a release of lien is issued to formally remove any claims against the property. This document provides peace of mind to property owners and ensures that the contractor's claims have been satisfied.
Motor Vehicle Bill of Sale: The Texas Motor Vehicle Bill of Sale form is essential for documenting the transfer of vehicle ownership. For more information, visit https://txtemplate.com/motor-vehicle-bill-of-sale-pdf-template/.
Payment Application: A payment application is submitted by contractors to request payment for work completed. It typically includes details about the work performed and the amounts due.
Final Payment Certificate: This certificate confirms that all work has been completed to satisfaction and that the contractor is entitled to final payment. It is a key document in closing out a project.
Construction Contract: The foundational document that outlines the terms, conditions, and scope of work for a construction project. It serves as the primary agreement between the parties involved.

Understanding these documents can help navigate the complexities of construction projects. Each plays a crucial role in ensuring that everyone involved is treated fairly and that rights are protected. By familiarizing yourself with these forms, you can foster better communication and cooperation among all parties, ultimately leading to smoother project completion.