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Conditional Waiver and Release Upon Progress Payment
Free conditional waiver and release template — a contractor waives lien rights for a progress payment, effective only once that payment actually clears.
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This free conditional waiver and release upon progress payment covers This Waiver Does NOT Cover, Conditional Nature with 9 clearly marked [placeholder] fields to fill in — built for landlords, tenants, and small property owners documenting a lease or tenancy change clearly, without guessing at the right structure. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Conditional Waiver and Release Upon Progress Payment
Property: [Address] · Owner: [Name] · Project: [Description] Claimant: [Contractor/Supplier Name] · Amount of Payment: [Amount]
Upon receipt by the undersigned of a check in the amount of [Amount], payable to [Claimant Name], and when the check has been properly endorsed and has actually been paid by the bank on which it is drawn, this document becomes effective to release any mechanic's lien, stop payment notice, or payment bond right the undersigned has on the property described above, for labor, services, equipment, or material furnished through [Date] only.
This Waiver Does NOT Cover
- Retention withheld from this payment
- Extras or items furnished after the date stated above
- Disputed claims for extras in the amount of: [Amount, or "none"]
Conditional Nature
This is a CONDITIONAL waiver — it has no effect until the payment identified above actually clears. If the payment is not honored for any reason, this waiver is void.
Claimant signature: ______________________ Date: ____________ [Name, Title, Company]
*This document is provided for informational and educational purposes only and does not constitute legal advice. Unlike an unconditional waiver, a conditional waiver protects the contractor if a check bounces — but it's used for PROGRESS payments during a project, covering only work through a specific date, not the final payment (which uses a separate unconditional waiver once the project and payment are fully complete).*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 2 standard sections: This Waiver Does NOT Cover, Conditional Nature
- 9 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Independent landlords
Managing a rental directly, without a property management company's paperwork.
FAQ
Is this conditional waiver and release upon progress payment template really free?
Yes, completely free — view, edit, and download this conditional waiver and release upon progress payment as a PDF without creating an account.
What does this conditional waiver and release upon progress payment cover?
This real estate template includes This Waiver Does NOT Cover, Conditional Nature. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. Landlord-tenant law is one of the most locally-specific areas of law in the US — notice periods, required disclosures, and even what a lease is allowed to say vary by state and often by city. Check your local requirements (or a real estate attorney) before using this for an actual lease or notice.
Can I edit the wording?
Yes — edit directly on the page, adjust any section or clause, and re-fill the 9 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.
Where can I find more free templates like this?
Browse more free real estate and related document templates in the docstoc library at /document-templates/.
More free document templates
- Residential Lease Agreement
- Notice to Vacate / Lease Termination Letter
- Rental Application
- Deed of Trust
- Rent Receipt
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