Contractor's Final Payment Affidavit And Release Of Lien

Contractor's Final Payment Affidavit And Release Of Lien for the United Kingdom

Contractor's Final Payment Affidavit And Release Of Lien Template for England and Wales

A legally binding document used in England and Wales that combines a sworn statement (affidavit) confirming receipt of final payment with a formal release of any potential liens or claims against the property. The document serves as evidence that the contractor has received all due payments and waives any right to place a lien on the property or make future claims relating to the work performed. It provides security for property owners and helps ensure clean title to the property.

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What is a Contractor's Final Payment Affidavit And Release Of Lien?

The Contractor's Final Payment Affidavit And Release Of Lien is a crucial document in construction projects governed by English and Welsh law, typically executed upon project completion and final payment. It serves dual purposes: confirming receipt of all payments due and releasing any potential claims or liens against the property. This document is essential for property owners seeking to maintain clear title and contractors completing their contractual obligations. It includes details of the project, payment confirmation, and formal release statements, often required for project closeout and final payment release.

What sections should be included in a Contractor's Final Payment Affidavit And Release Of Lien?

1. Affiant Information: Details of the contractor making the affidavit including full legal name, business address, and role

2. Project Information: Details of the construction project including location, contract reference, and project description

3. Payment Confirmation: Statement of final payment amount and confirmation of receipt of all payments due under the contract

4. Lien Release Statement: Formal release of all liens and claims against the property, including waiver of future claims

5. Sworn Statement: Affirmation that all statements are true and correct under penalty of perjury

6. Execution: Signature block with notarization requirements and witness provisions

What sections are optional to include in a Contractor's Final Payment Affidavit And Release Of Lien?

1. Subcontractor Confirmation: Confirmation that all subcontractors have been paid in full and have released their liens

2. Materials Suppliers Release: Confirmation that all materials suppliers have been paid in full and no claims are outstanding

3. Conditional Release Provisions: Provisions making the release conditional upon receipt and clearance of final payment

What schedules should be included in a Contractor's Final Payment Affidavit And Release Of Lien?

1. Schedule of Outstanding Works: List of any minor works or defects still to be completed or remedied

2. Schedule of Payments: Detailed breakdown of all payments received under the contract including dates and amounts

3. Subcontractor Releases: Copies of lien releases obtained from all subcontractors and major suppliers

4. Project Completion Certificate: Certificate confirming practical completion of the works

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Lien Waiver Form

A legal document used in England and Wales where a party waives their right to place a lien on a property in exchange for payment.

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Download a Standard Template

What is a Contractor's Final Payment Affidavit And Release Of Lien?

What sections should be included in a Contractor's Final Payment Affidavit And Release Of Lien?

What sections are optional to include in a Contractor's Final Payment Affidavit And Release Of Lien?

What schedules should be included in a Contractor's Final Payment Affidavit And Release Of Lien?

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Alex Denne

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