A conditional lien waiver is a legal document commonly used in the construction industry to protect the interests of both parties involved in a construction project. This waiver is typically signed by subcontractors or suppliers before they receive payment for their work or materials. By signing the document, the subcontractor or supplier agrees to waive their right to file a mechanics lien against the property in exchange for payment.The conditional lien waiver is "conditional" because it is only valid once the payment specified in the document has been received and cleared. If the payment is not made or is insufficient, the subcontractor or supplier still retains the right to file a mechanics lien against the property to secure payment for their work or materials. This document helps to ensure that all parties are paid fairly and that
What is Conditional Lien Waiver?
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