Document background
The Unconditional Lien Waiver is a crucial document in Malaysian construction and development projects, used when a contractor, subcontractor, or supplier has received payment and is willing to permanently waive their right to file a lien against the property. This document is particularly important in the context of Malaysian construction law, including CIPAA 2012, as it helps maintain clear title to property and facilitates smooth project completion. The unconditional nature of the waiver means that once signed, the waiving party immediately and irrevocably releases their lien rights, regardless of any subsequent payment issues or disputes. This document typically includes specific details about the project, payment received, and scope of work covered, and is commonly required before progress payments or final payments are released. It serves as a risk management tool for property owners and developers while providing a clear record of payment and lien release for all parties involved.
