The Chicago Title Waiver Format form is a legal document used in Illinois to formally waive any lien rights that a contractor or subcontractor may have on a property. This waiver is essential in ensuring that all parties involved in a construction project are clear about their financial obligations and rights. By signing this document, contractors acknowledge receipt of payment and agree to release any claims against the property for labor or materials provided.
The Chicago Title Waiver Format form is an essential document used in the construction and real estate industries, particularly in Illinois. It serves to protect property owners and contractors by clearly outlining the terms under which contractors waive their rights to file a lien against a property. This form includes critical details such as the company name, the specific property involved, and the total contract amount, including any extras or change orders. By signing this waiver, contractors acknowledge receipt of payment and confirm that they have no outstanding claims for work performed or materials supplied. The form also requires a sworn affidavit from the contractor, ensuring that all information provided is accurate and complete. This helps to maintain transparency and trust between all parties involved in a construction project. Additionally, the form lists all subcontractors and suppliers, detailing amounts paid and balances due, further safeguarding against potential disputes. Overall, the Chicago Title Waiver Format form is a vital tool for ensuring that all parties are protected and informed throughout the construction process.
WAIVER OF LIEN TO DATE
S STATE OF ILLINOIS
Gty #
COUNTY OF
Escrow #
TO WHOM IT MAY CONCERN:
WHEREAS the undersigned has been employed by
to furnish
for the premises known as
of which
is the owner.
THE undersigned, for and in consideration of
($) Dollars, and other good and valuable considerations, the receipt whereof is hereby acknowledged, do(es) hereby waive and release any and all lien or claim of, or right to, lien, under the statutes of the State of Illinois, relating to mechanics’ liens, with respect to and on said above-described premises, and the improvements thereon, and on the material, fixtures, apparatus or machinery furnished, and on the moneys, funds or other considerations due or to become due from the owner, on account of all labor, services, material, fixtures, apparatus or machinery, furnished to this date by the undersigned for the above-described premises,
INCLUDING EXTRAS.* DATE
ADDRESS
SIGNATURE AND TITLE _______________________________________________________________________________
*EXTRAS INCLUDE BUT ARE NOT LIMITED TO CHANGE ORDERS, BOTH ORAL AND WRITTEN, TO THE CONTRACT
CONTRACTOR’S AFFIDAVIT
STATE OF ILLINOIS
THE UNDERSIGNED, (NAME)
BEING DULY SWORN, DEPOSES
AND SAYS THAT HE OR SHE IS (POSITION)
OF
(COMPANY NAME)
WHO IS THE
CONTRACTOR FURNISHING
WORK ON THE BUILDING
LOCATED AT
OWNED BY
That the total amount of the contract including extras* is $
on which he or she has received payment of
$prior to this payment. That all waivers are true, correct and genuine and delivered unconditionally and that there is no claim either legal or equitable to defeat the validity of said waivers. That the following are the names and addresses of all parties who have furnished material or labor, or both, for said work and all parties having contracts or sub contracts for specific portions of said work or for material entering into the construction thereof and the amount due or to become due to each, and that the items mentioned include all labor and material required to complete said work according to plans and specifications:
NAMES AND ADDRESSES
WHAT FOR
CONTRACT PRICE INCLDG EXTRAS*
AMOUNT
PAID
THIS
PAYMENT
BALANCE
DUE
TOTAL LABOR AND MATERIAL INCLUDING EXTRAS* TO COMPLETE.
That there are no other contracts for said work outstanding, and that there is nothing due or to become due to any person for material, labor or other work of any kind done or to be done upon or in connection with said work other than above stated.
DATE_______________________________
SIGNATURE:_______________________________________________
SUBSCRIBED AND SWORN TO BEFORE ME THIS______________________DAY OF__________________,__________
*EXTRAS INCLUDE BUT ARE NOT LIMITED TO CHANGE
_____________________________________________
ORDERS, BOTH ORAL AND WRITTEN, TO THE CONTRACT.
NOTARY PUBLIC
f.1722 R5/96
Provided by Chicago Title Insurance Company
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When filling out and using the Chicago Title Waiver Format form, keep these key points in mind:
By following these guidelines, you can effectively navigate the Chicago Title Waiver Format form process.