Conditional Lien Waiver
Conditional lien waiver definition. Learn why this is the safest way for contractors to release lien rights pending payment receipt.
Calculation Formula
Waiver Status = Valid ONLY when payment clears the bank Real Contractor Example
A sub signs a waiver that says 'I release my lien rights for the $5,000 payment I am expected to receive today, provided the check clears.'
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.