Free Chicago Title Waiver Format PDF Form Get Document

Free Chicago Title Waiver Format PDF Form

The Chicago Title Waiver Format form is a legal document that allows contractors and subcontractors to waive their right to file a lien against a property for unpaid work. This waiver is crucial for ensuring that all parties involved in a construction project are clear about payments and obligations. To get started with this important document, fill out the form by clicking the button below.

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Outline

The Chicago Title Waiver Format form is a crucial document in the construction and real estate industries, particularly in Illinois. This form serves as a formal acknowledgment from contractors and suppliers that they waive their rights to file a mechanics' lien against a property. It is typically used when a contractor has been compensated for work performed on a property, ensuring that the owner is protected from potential claims that could arise from unpaid labor or materials. The form includes essential details such as the company name, property address, and the total contract amount, including any extras, which may consist of change orders. By signing this document, the undersigned confirms that they have received payment and releases any claims to the property, thus safeguarding the owner's interest. Furthermore, the form requires a sworn affidavit from the contractor, verifying the accuracy of the information provided and listing all parties involved in the project. This comprehensive approach helps to maintain transparency and accountability within the construction process.

Key takeaways

When filling out and using the Chicago Title Waiver Format form, keep the following key points in mind:

  • Understand the Purpose: This form serves to waive any lien rights under Illinois law, ensuring that the contractor releases any claims against the property for work completed.
  • Complete All Required Fields: Fill in details such as company name, address, and the specific premises involved. Missing information can lead to complications.
  • Specify Consideration: Clearly state the dollar amount being received in exchange for waiving the lien rights. This amount must be acknowledged by the undersigned.
  • Include Extras: Be sure to mention any extras, such as change orders, as these can impact the total contract amount and should be included in the waiver.
  • Contractor’s Affidavit: The contractor must complete the affidavit section, confirming that all information provided is accurate and that no further claims exist.
  • List All Parties: Provide a detailed list of all individuals and entities that have furnished labor or materials for the project, including their addresses and amounts due.
  • Notarization Required: Ensure the form is notarized after signing to validate the document. This adds an extra layer of authenticity.

Form Preview Example

COMPANY NAME

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

COUNTY OF

 

TO WHOM IT MAY CONCERN:

 

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