A legally binding, customizable,
Release Lien Mechanics Unconditional Agreement
template
This template gives you everything you need for a professional, customizable and legally binding Release Lien Mechanics Unconditional Agreement.
Release Lien Mechanics Unconditional Agreement: Quick Facts
It immediately releases all lien rights when signed, regardless of whether payment has cleared. More risky for contractors since they give up lien rights before confirming payment, but provides immediate clear title for property owners.
Wait until payment has actually cleared, then get the unconditional release from the contractor. Some property owners pay by certified funds to speed up the process since those payments clear immediately.
If payment doesn't clear as agreed, the release terms weren't met and lien rights should remain. Document the payment failure and follow your state's procedures for enforcing lien rights.