Release of mortgage lien (Satisfaction of Mortgage) Form

A contractor waiver release form is a commonly used business document that depicts the clearance of all charges on the client which are due to be paid to the contractor. This waiver release is a legal doc that is handed over to the client after all dues have been waived and payments have been released to the contractor. A waiver release form is a brief document used for legal purposes that is why it must be written with care. This context includes enough information which you need to know about a contractor waiver release form. 

What are the types of lien waivers?

There are two most common types of contractor lien waivers. One is a conditional lien waiver while the other is an unconditional lien waiver release form. These two forms are further classified under the categories of final payment and progressive payment. An unconditional lien waiver can be with final payment as well as progressive payment. The same is the case for the conditional waiver. So, we can list the types as:

• Unconditional lien with final payment;
• Unconditional lien with progressive payment;
• Conditional lien waiver with final payment;
• Conditional lien waiver with progressive payment.

These lien waiver forms are usually requested by the relesee or client from the contractor so that he knows that the contractor has received all the due payments and the bills have also been cleared. 

Sample waiver release form template:

Making a lien waiver form from scratch can be difficult for a person who does not have much know-how of this form. That is why we are providing you sample lien waiver release forms which you can use after a few edits as per your condition and criteria. 

1st or 2nd mortgage lien release

KNOW ALL PERSONS BY THESE PRESENTS:

THAT:

{{Name of Releasor}}

OF:

{{Address of Releasor}}

DOES HEREBY RELEASE AND DISCHARGE A CERTAIN MORTGAGE/LIEN

FROM/AGAINST:

{{Mortgagor/Lienor}}

TO/IN FAVOR OF:

{{Mortgagee/Lien Holder}}

DATED AND RECORDED IN VOLUME AT     PAGE OF THE LAND RECORDS.

In Witness Whereof, the Releasor has hereunto set his/her/its hand and seal this day {{dated}}.

Download this release of mortgage lien form, that will be ready after a few amendments. If you like this content, then share it with your friends as well. Provide you valuable suggestions in the comments box. Head to our main site to get some useful daily life content. The sample contractor waiver release form is attached herewith.