Arizona contractors, release your lien rights after receipt of final payment on a project with this Conditional Waiver and Release of Lien Upon Final Payment.
- The Waiver and Release authorizes a release of any lien rights or claims for payment which the contractor may have against the owner's property ON THE CONDITION that the final payment from the Customer clears the bank.
- The document also includes a Notice of Completion form.
- This release form should only be used if the contractor has received final payment (except for any disputed amounts).
This Arizona Conditional Waiver and Release of Lien on Final Payment is available in MS Word format. Pay for the form once, and it's yours to use as often as you require.
JOB NO: NAME OF CONTRACTOR: NAME OF CUSTOMER: PROJECT ADDRESS: CONDITIONAL WAIVER & RELEASE ON FINAL PAYMENT On receipt by the undersigned of a check from __________________________ in the amount of $___________ payable to _________________________, and when the check has been properly endorsed and has been paid by the bank on which it is drawn, this document becomes effective to release any mechanic’s lien, any state or federal statutory bond right, any private bond right, any claim for payment and any rights under any similar ordinance, rule or statute related to claim or payment rights for persons in the undersigned’s position, the undersigned has on the above noted project for the above named Customer, located at the Project Address set out above. This release covers the final payment to the undersigned for all labor, services, equipment or materials furnished to the job site or to the Customer, except for disputed claims in the amount of $____________. Before any recipient of this document relies on it, the person should verify evidence of payment to the undersigned. The undersigned warrants that he either has already paid or will use the monies he received from this final payment to promptly pay in full all of his laborers, subcontractors, materialmen and suppliers for all work, materials, equipment or services provided for or to the above referenced project up to the date of this waiver. Date: COMPANY NAME: By: Signature Title: NOTICE OF COMPLETION Notice is hereby given that: 1. The undersigned is owner of the interest or estate stated below in the property hereinafter described, or the undersigned is the owner's agent. 2. The full name of the undersigned is [insert full name]. 3. The full address of the undersigned is [insert full address]. 4. The nature of the interest or estate of the owner is: in fee. _______________ (if other than fee, strike "In Fee" and insert, for example, "Purchaser Under Contract of Purchase" or Lessee") 5. The full names and full addresses of all persons, if any, who hold interest or estate with the undersigned such as joint tenants or tenants in common are: (set out names & addresses of all other parties who hold interest in the property - if none, state NONE) 6. The full names and full addresses of the predecessors in interest of the undersigned, if the property was transferred after the beginning of the work or improvem
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