Our customer/owner of hotel is requesting us to release our lien and says they will pay us upon receipt of substantial completion. Our last date of service was 4/30/21. They have made a payment and we are prepping a partial lien release with Levelset as we speak but should we release the lien entirely?
A conditional release upon final payment is good things like this, I don't think a lot of people would advise to give an unconditional release on the full payment just yet. A competent construction attorney can talk you through this a little more in a quick phone call.
Agreed - don't release all of your lien rights but a partial release is okay. Are you the GC, or a subcontractor on the project?