Michigan full Unconditional Waiver

Michigan Full Unconditional Waiver

A waiver should always be given by a contractor, subcontractor or supplier whenever payment is made. In simple terms, it is a receipt for payment. But most importantly, it announces to the homeowner that the construction lien rights are being relinquished – either in full, if full payment is received; or in part, if partial payment was received. Waivers are legal documents and must use prescribed wording. To be considered legal documents, and to serve the purpose for which they were designed, use the appropriate type of waiver as identified below. Be certain that the kind of waiver form that you sign is appropriate to the situation. FULL UNCONDITIONAL WAIVER states that full payment has been received and that there is no claim of lien against the homeowner's property.