Lien Waivers and Payment Schedules: How Homeowners Stay Protected
· Project Planning · 1 min read
Payment without paperwork is how titles get messy. Pair every progress draw with the right lien waiver.
Payment controls
- Written schedule tied to milestones
- Waivers matching the payment amount
- Retainage until final punch and certificate of occupancy if required
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Frequently Asked Questions
- What is a lien waiver?
- A document where a contractor or sub acknowledges payment for work to date and waives lien rights for that amount.
- When should I collect waivers?
- With each progress payment, including from major subcontractors when your state practice expects it.
- Conditional vs unconditional?
- Conditional waivers often apply upon payment clearing. Do not treat them as final until funds clear.