L

Lien waiver

A document in which a contractor, subcontractor, or supplier relinquishes the right to file a mechanics' lien against a property in exchange for payment.

Conditional lien waivers release rights upon payment; unconditional ones release rights regardless. Landlords require them from tenant contractors to protect the property from liens arising from tenant improvement work.

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REAL extracts and structures this field from your documents so your team can act on it — no manual abstraction required.

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