Staying Clear of Costly Lien Release Errors

In this episode, we’re unpacking three common yet avoidable lien release mistakes that can have costly implications. We begin by examining the critical importance of selecting the correct form. Whether you’re a General Contractor or a subcontractor, choosing the right release form – narrow when receiving payment, broad when paying – is essential, and your contract may bind you to a specific format. We also highlight the necessity of including conditional language in your releases, especially when payment is pending. This ensures you don’t waive your rights prematurely. Lastly, we address the common error of using an incorrect “Through Date” on releases, which could lead to unintentional rights waiver. Join us for key insights on navigating these lien release pitfalls effectively.

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