Rhode Island contractors, release your lien rights after receipt of final payment on a construction project with this Unconditional 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, and indicates that final payment has been made in full.
- A Notice of Completion form is included.
- This release form should only be used when the contractor has received final payment (except for any disputed amounts).
The Rhode Island Unconditional Waiver and Release of Lien on Final Payment template is a reusable download. Buy the form once, and it's yours to use as often as you require.
UNCONDITIONAL WAIVER AND RELEASE UPON FINAL PAYMENT (RHODE ISLAND) The undersigned has received a check from ______________________________________________, in the amount of _______________________________ DOLLARS ($_____________) and made payable to _______________________________________, which covers the final payment (except for any disputed claims in the amount of $___________________) for labor, services, equipment, or material furnished on the job of _________________________________________ [name of property owner] to the following described property: [Enter Description of Property] The undersigned hereby releases and waives any mechanics’ lien, stop notice, or bond right he/she/it has on the said job. The undersigned warrants that he/she/it either has already paid or will use the money he receives from this final payment to promptly pay in full all his/her/its laborers, subcontractors, materialmen and suppliers for all work, materials and equipment that are the subject of this waiver and release. DATED at ____________________ this _____ day of ______________, _______. Name of Company By: Authorized Signature Title: NOTICE: THIS DOCUMENT WAIVES RIGHTS UNCONDITIONALLY AND STATES THAT YOU HAVE BEEN PAID FOR GIVING UP THOSE RIGHTS. THIS DOCUMENT IS ENFORCEABLE AGAINST YOU IF YOU HAVE SIGNED IT, EVEN IF YOU HAVE NOT BEEN PAID. IF YOU HAVE NOT BEEN PAID, YOU SHOULD USE A CONDITIONAL RELEASE FORM. -2- This instrument was prepared by: Name Address City State Zip ACKNOWLEDGMENT
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