Conditional Lien Waiver

A lien waiver is a release of a claim of a lien. Such waivers are governed primarily by state laws, which vary by state. Upon signing a lien waiver, all rights to attach a lien to certain property or goods is relinquished. Some typical liens, among others, which may be waived include tax liens and mechanic’s liens. A lien is often waived in order to allow property to be transferred or as a condition to making a payment for work on the property.