What lien waiver means
A lien waiver is a document in which a contractor or supplier gives up lien rights for a payment, usually signed in exchange for that payment.
Also called lien release, waiver of lien.
Where it shows up in your business
Owners and general contractors ask for a waiver with each payment. Sign conditional waivers before the money arrives and unconditional ones only after it clears.
Work it out
- Free template: Lien waiver forms
- Money guide: Mechanics lien deadlines by state
- Money: Money guides for contractors