Georgia Lien Waivers Can Waive More Than Just Lien Rights
A good understanding of the lien waiver rules in your state is crucial to protecting your rights to payment; and the state of Georgia is no exception. Let’s take a...
Lien Waivers
A lien waiver is a construction document that a contractor or supplier signs in exchange for payment. The document waives the contractor’s right to file a mechanics lien against the property for the amount paid.
Waivers are typically exchanged after every payment. When used in progress billing, a lien waiver gives up lien rights for the specific amount received. If the contractor doesn’t receive the rest of their promised payments, they still have a right to file a lien for the amount left unpaid.
Lien waivers protect everyone on a project. They protect the general contractor from the threat of a mechanics lien, and protect the subcontractor from non-payment. When parties exchange them on every project, both parties get what they earn, making the payment process more fair and transparent.
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