Blank Illinois Final Waiver Of Lien PDF Details

For individuals and companies involved in the construction industry in Illinois, understanding and properly using the Illinois Final Waiver of Lien form is essential. This legal document plays a critical role in the conclusion of construction projects, ensuring that all parties involved—most notably contractors and subcontractors—waive their right to place a lien on the property they have worked on, upon receiving final payment. It formally acknowledges that the signing party has received payment in full for all labor, services, materials, and any additional work or extras as outlined in their contract, and thereby releases any claims of lien on the property. This process is not only crucial for property owners who wish to ensure clear title but also serves as a protection for contractors, affirming that they are paid in full and thereby preventing future disputes. For successful navigation through the complexities of construction payments and legalities in Illinois, comprehending every aspect of this form, from its purpose to its proper execution—including acknowledging the receipt of payment in full, and detailing any included extras—is indispensable. The Illinois Final Waiver of Lien form comprises sections for identifying the project, the contractor's affidavit, and a notary public acknowledgment, each contributing to its legality and enforceability, making it a staple document in the construction industry's administrative tasks.

QuestionAnswer
Form NameBlank Illinois Final Waiver Of Lien
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameslien release illinois, waiver of lien to date illinois, lien release form illinois, lien clearance letter illinois

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FINAL WAIVER OF LIEN

STATE OF ILLINOIS

} SS

Gty # _____________________

COUNTY OF _____________________________

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 _____________________________

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

Copyright ©2005 Greater Illinois Title Company. All Rights Reserved. http://gitc.com/forms/

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

Universal Doc Ref: GP_IEF0029-20050804-R1-0

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Provide the expected information in the section THE UNDERSIGNED NAME BEING DULY, NAMES AND ADDRESSES, WHAT FOR, CONTRACT PRICE INCLDG EXTRAS, AMOUNT PAID, THIS PAYMENT, BALANCE DUE, TOTAL LABOR AND MATERIAL INCLUDING, That there are no other contacts, and DATE SIGNATURE SUBSCRIBED AND.

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