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Final Waiver Of Lien for Nigeria

Final Waiver Of Lien Template for Nigeria

A Final Waiver of Lien is a legally binding document used in Nigerian construction and development projects that serves as a formal declaration by a contractor, subcontractor, or supplier that they have received full payment for their work or materials and consequently waive their right to place a lien on the property. This document is crucial in Nigerian property transactions as it provides property owners with protection against future claims and helps ensure clear property titles. The document must comply with Nigerian property law, particularly the Land Use Act and relevant construction regulations, while providing clear evidence of payment receipt and explicit waiver of lien rights.

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What is a Final Waiver Of Lien?

The Final Waiver of Lien is a critical document in Nigerian construction and development projects, typically executed upon completion of work and receipt of final payment. This document is essential when a contractor, subcontractor, or supplier has completed their work and received full payment, requiring them to formally relinquish their right to place a lien on the property. The document must comply with Nigerian legal requirements, particularly the Land Use Act and construction regulations. A Final Waiver of Lien includes specific details about the project, property, parties involved, and payment received, serving as a crucial tool for property owners to maintain clear titles and protect against future claims. It's commonly required for project closeout, property sales, or refinancing transactions, and often necessary for final payment release.

What sections should be included in a Final Waiver Of Lien?

1. Title and Date: Clear identification of the document as a Final Waiver of Lien and the effective date

2. Parties: Identification of the waiving party (contractor/subcontractor/supplier) and the party receiving the waiver (usually the property owner or general contractor)

3. Property Description: Legal description and address of the property where the work was performed

4. Project Information: Details of the construction project or work performed, including contract references

5. Payment Acknowledgment: Acknowledgment of receipt of final payment, including the specific amount received

6. Waiver Declaration: Explicit statement waiving and releasing all lien rights related to the project

7. Representations and Warranties: Statements confirming all work is completed, all suppliers and subcontractors have been paid, and no other claims exist

8. Execution: Signature block with date and notarization requirements

What sections are optional to include in a Final Waiver Of Lien?

1. Prior Partial Payments: Reference to any previous partial payments and partial lien waivers, used when there is a payment history to document

2. Conditional Provisions: Conditions that must be met for the waiver to become effective, used when payment is pending or made by check

3. Subcontractor Confirmation: Confirmation that all subcontractors have also provided their lien waivers, used in complex projects with multiple subcontractors

4. Reservation of Rights: Preservation of specific rights or claims not included in the waiver, used when certain claims are deliberately excluded

5. Indemnification: Provisions for indemnifying the owner against future claims, used in high-value or high-risk projects

What schedules should be included in a Final Waiver Of Lien?

1. Schedule A - Payment Details: Detailed breakdown of payments received, including dates and amounts

2. Schedule B - Project Scope: Detailed description of all work performed under the contract

3. Schedule C - Subcontractor List: List of all subcontractors and suppliers who provided services or materials

4. Appendix 1 - Supporting Documents: Copies of relevant invoices, receipts, or other payment documentation

5. Appendix 2 - Related Partial Waivers: Copies of any previous partial lien waivers issued during the project

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

Jurisdiction

Nigeria

Publisher

Ƶ

Document Type

Waiver

Cost

Free to use
Relevant legal definitions






























Clauses




















Relevant Industries

Construction

Real Estate Development

Infrastructure

Commercial Property

Residential Property

Industrial Development

Oil and Gas

Mining

Hospitality

Healthcare

Education

Retail

Relevant Teams

Legal

Construction Management

Project Management

Finance

Operations

Procurement

Risk Management

Compliance

Property Management

Contract Administration

Relevant Roles

Construction Manager

Project Manager

Contract Administrator

Legal Counsel

Property Manager

Site Supervisor

Procurement Manager

Finance Director

Operations Manager

Real Estate Developer

Construction Company Owner

Quantity Surveyor

Chief Financial Officer

Risk Manager

Compliance Officer

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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