A legally binding, customizable,
Release Lien Mechanics Conditional Agreement
template
This template gives you everything you need for a professional, customizable and legally binding Release Lien Mechanics Conditional Agreement.
Release Lien Mechanics Conditional Agreement: Quick Facts
It releases the lien only if payment actually clears. The contractor gives up their lien rights conditional on receiving payment. If the check bounces or payment fails, the lien rights remain intact.
Use conditional when giving the release before payment clears. Use unconditional only after payment is confirmed and in your account. Conditional protects contractors, unconditional gives property owners immediate clear title.
You've given up your lien rights, which makes collection much harder. You can still sue for breach of contract, but you can't place a lien on the property anymore.
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