A Conditional Waiver and Release is a formal document that confirms the agreement between the lien holder (the creditor) and the owner of the property (the debtor) to repay the debt and verify the lien release regarding the property or items in question.
Often utilized by contractors and builders, this contract can be agreed upon by the parties if the lienholder is convinced that they will receive payments from the debtor. You can download a printable Conditional Waiver and Release template through the link below.
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