Fill a Valid Illinois Final Waiver Of Lien Form

The Illinois Final Waiver of Lien form serves as a legal document that allows contractors and subcontractors to formally waive their right to file a lien against a property after receiving payment for services rendered. This waiver is essential for ensuring that all parties involved in a construction project are clear about payments and obligations. To get started on filling out this important form, click the button below.

Open Illinois Final Waiver Of Lien Editor

Fill a Valid Illinois Final Waiver Of Lien Form

Table of Contents

The Illinois Final Waiver of Lien form is an important document in the construction and real estate industries. It serves to protect property owners from potential claims by contractors, subcontractors, and suppliers who have provided labor or materials for a project. By signing this form, the undersigned waives any right to file a lien against the property, which can be a significant concern for owners. The form includes details such as the name of the contractor, the description of the work performed, and the total contract amount, including any extras. It also requires the contractor to affirm that they have received payment and that all waivers are genuine. This ensures that there are no outstanding claims from other parties involved in the project. Additionally, the form must be notarized to confirm its authenticity, providing an extra layer of security for both the property owner and the contractor. Understanding this form and its implications can help parties involved in construction projects navigate their financial responsibilities and protect their rights effectively.

Example - 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

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Document Breakdown

Fact Name	Details
Purpose	The Illinois Final Waiver of Lien form is used to waive and release any lien claims against a property, ensuring that contractors and subcontractors receive payment for their work.
Governing Law	This form is governed by the Illinois Mechanics Lien Act, which outlines the rights and responsibilities of parties involved in construction projects.
Consideration	The waiver is executed in exchange for a specified amount of money, which must be clearly stated in the form.
Extras	The form includes provisions for "extras," which refer to any additional work or materials provided beyond the original contract terms, including change orders.
Affidavit Requirement	The form requires a contractor's affidavit, affirming that all prior payments have been received and that there are no outstanding claims against the property.
Notarization	The signature on the form must be notarized, adding an extra layer of authenticity and legal validity to the document.

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