We have a project here in Davidson County / Nashville that we have filed a lien on for non-payment. Today the contractor sent over a lien waiver and a consent of surety to release retainage, whereas we are still awaiting payment on 2 progress payments. I think this is a ploy for the owner to side step TN retainage law penalties. I am inclined not to sign because the waiver has wording such as "the undersigned waives and releases any and all liens it has upon the foregoing described property to the extent of the payment received." Thoughts?
Hello,
What reason’s does the GC say about the nonpayment? Is it disputed? I would like to see a copy of the lien waiver. I assume it does not state the total amount you're owed.
Let me know. Feel free to give me a call.