09:40AM | 08/30/03
Member Since: 04/28/03
8 lifetime posts

We're having a screen room put on the back of our house. Our in-laws suggested getting a "Waiver of Lien" form from our contractor. Anyone hear of this before? Sounds familiar, but.... Is a "Waiver of Lien" form common now-a-days or is this "old school"? Outside of asking for a copy of the insurance, what else should we ask for in order to protect ourselves? Thanks!


10:59AM | 09/03/03
Member Since: 02/13/03
90 lifetime posts
A lien waiver is very common today and protects you and your bank. I am building a house now and any contractor who does manual labor on my house signs a lien waiver immediately after I hand him a check. For material items all you need is your receipt. Example, electrician wires an outlet, because of the labor involved he signs a lien waiver. The guy delivering the gravel for my driveway does not sign one, I got a receipt showing I paid for the rock.

Anybody who works on your property and feels like they were cheated or slighted can file a lien against that property for the amount of the dispute. In Iowa they have 90 days to do so. If they sign a lien waiver they are essentially waiving the right to file a lien. You can not transfer or sell the property until that lien is settled.

Otherwise the banks would make you wait the 90 days before giving you a mortgage on a newly constructed house. They don't want any liens on it.

Removing liens is a hassle but it is done frequently after the misunderstanding with the contractor is settled.

Call your mortgage banker or lawyer for a copy of a lien waiver and use them.



Post a reply as Anonymous

Photo must be in JPG, GIF or PNG format and less than 5MB.


type the code from the image


Post_new_button or Login_button

The Infinite Artisan Fire Bowl from Eldorado Outdoor is made from glass-fiber reinforced concrete, and offered in Oak Barr... Built on a rocky island in the Drina River, near the town of Bajina Basta, Serbia, this wooden house was cobbled together ... Large steel-framed windows flood the interior of this remodeled Michigan barn with daylight. The owners hired Northworks A... Edging formed with upside-down wine bottles is a refreshing change. Cleverly and artistically involving recycled materials... A Washington State couple called on BC&J Architects to transform their 400-square-foot boathouse into a hub for family bea... Similar to the elevated utensil concept, hanging your pots and pans from a ceiling-mounted rack keeps them nearby and easy... Few projects are more fun than upcycling a vintage piece in a surprising way. Outfitted with a sink and a delicately tiled... The thyme growing between these stepping stones adds a heady fragrance to strolls along this lush, low-maintenance garden ... Decoupage is an easy way to add any paper design to your switch plate, whether it is wallpaper, scrapbook paper, book page... Twine lanterns add pops of crafty—but sophisticated—flair to any outdoor setting. Wrap glue-soaked twine around a balloon ... When securely fastened to a tree or the ceiling of a porch, a pallet and some cushioning make the ideal place to lounge. V... Reluctant to throw away any of those unidentified keys in your junk drawer? Hang them from a few chains attached to a simp... A stripped-down model, sans screened porch, starts out at $79,000. Add the porch, a heated floor for the bath, and all the... Salvaged boards in varying widths and colors make up the dramatic accent wall in this attic space. The high-gloss white of... This garden shed has been decked out to the nines. Designer Orla Kiely created the intimate home for a flower trade show, ...
Newsletter_icon Google_plus Facebook Twitter Pinterest Youtube Rss_icon