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The Michigan Full Conditional Waiver form serves a crucial role in construction and property improvement transactions. This document is designed to protect both contractors and property owners by clearly outlining the conditions under which construction lien rights are waived. It is essential to understand that this waiver is only valid upon actual payment being made for the work completed. When filling out the form, users can conveniently complete it online and print it once finalized. The form requires specific details, including the contracting party's name and the property description, ensuring clarity and accountability. Notably, if the property in question is residential, additional precautions are necessary. The owner or lessee must verify the authenticity of the waiver, especially if they have received a notice of furnishing. Failure to do so could lead to complications in the enforcement of lien rights. It is imperative to avoid signing incomplete forms and to retain a copy for personal records. This document is not just a formality; it is a vital instrument in safeguarding your rights in property transactions.

Form Example

 

 

 

This document can be completed on line. When you are finished,

Print

 

Clear

press the Print button to print your completed form. If you need to

 

 

 

clear the form for any reason click the Clear button

 

 

 

FULL CONDITIONAL WAIVER

My/our contract with

(other contracting party)

to provide

for the improvement of the property described as:

Has been full paid and satisfied by signing this waiver, all my/our construction lien rights against such property are hereby waived and released.

This waiver is conditioned on actual payment of

 

.

If the improvement is provided to property that is a residential structure, and if the owner or lessee of the property or the owner’s or lessee’s designee has received a notice of furnishing from me/on or us or if I/we are not required to provide one, and the owner, lessee, or designee has not received this waiver directly from me/one of us, the owner, lessee, or designee may not rely upon it without contacting me/one of us, either in writing, by telephone, or personally, to verify that it is authentic.

(Printed Name of lien claimant)

(Signature of lien claimant)

Signed on

 

Address:

Telephone:

DO NOT SIGN BLANK OR INCOMPLETE FORMS. RETAIN A COPY.

Document Specs

Fact Name Description
Document Type This is a Full Conditional Waiver form used in Michigan.
Completion Method The form can be completed online for convenience.
Printing Instructions After completing the form, press the Print button to print the document.
Clearing the Form If needed, the form can be cleared by clicking the Clear button.
Contract Satisfaction Signing the waiver indicates that the contract has been fully paid and satisfied.
Waiver of Rights By signing, all construction lien rights against the property are waived and released.
Condition of Waiver The waiver is conditional on the actual payment being received.
Notice of Furnishing If applicable, the owner or lessee must have received a notice of furnishing to validate the waiver.
Verification Requirement The owner or lessee should verify the authenticity of the waiver if not received directly from the lien claimant.
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