Final Waiver Of Lien Form

Final Waiver Of Lien Form Template for Philippines

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Key Requirements PROMPT example:

"I need a Final Waiver of Lien Form for a commercial building construction project in Manila, where our company has received final payment of 15 million pesos on March 15, 2025, and we need to release all lien rights for ourselves and our five subcontractors."

Document background

The Final Waiver of Lien Form is a critical document in Philippine construction and real estate development, used when a contractor, subcontractor, or supplier has completed their work and received full payment. This document, governed by Philippine civil law and construction regulations, provides property owners with assurance that no future claims will be made against their property. When executing a Final Waiver of Lien Form, the waiving party acknowledges receipt of all due payments and surrenders their right to file any future liens related to the specified work or materials. The document must comply with Philippine notarial requirements and typically includes detailed information about the project, parties involved, and payment received. It's an essential tool for project closeout and protecting both property owners and contractors in construction transactions.

Suggested Sections

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

2. Party Information: Complete details of the Contractor/Subcontractor (Lien Waiver) and the Property Owner/General Contractor (Lien Holder)

3. Project Identification: Specific details of the construction project including address and project description

4. Payment Acknowledgment: Confirmation of receipt of final payment amount and date

5. Waiver Statement: Express waiver language releasing all lien rights and claims

6. Property Description: Legal description of the property subject to the lien waiver

7. Certification: Statement certifying all suppliers and subcontractors have been paid

8. Execution Block: Signature lines, notary section, and witness requirements

Optional Sections

1. Conditional Waiver Language: Used when the waiver is conditional upon receipt of final payment

2. Retained Rights Statement: Used when certain rights are being preserved despite the waiver

3. Prior Rights Reservation: Include when waiver needs to specify any rights from previous work or claims being preserved

4. Subcontractor Confirmation: Additional section for listing and confirming payment to all subcontractors when required

5. Insurance Claims Reservation: Used when preserving rights to make insurance claims separate from lien rights

Suggested Schedules

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

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

3. Schedule C - Subcontractor List: List of all subcontractors and suppliers with confirmation of their payment status

4. Appendix 1 - Supporting Documents: Copies of relevant payment receipts or proof of payment

5. Appendix 2 - Property Documents: Legal property description documents or relevant permits

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Construction

Real Estate Development

Commercial Property

Residential Property

Industrial Construction

Infrastructure Development

Retail Development

Healthcare Facilities

Educational Facilities

Hospitality

Manufacturing

Relevant Teams

Legal

Construction Management

Project Management

Procurement

Finance

Real Estate

Risk Management

Operations

Contracts Administration

Property Management

Relevant Roles

Construction Project Manager

Contract Administrator

Legal Counsel

Property Developer

Construction Site Manager

Procurement Manager

Real Estate Manager

Facilities Manager

Construction Company Owner

Project Director

Chief Financial Officer

Risk Manager

Contracts Manager

General Counsel

Real Estate Attorney

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