Lene Weaver's documents acknowledge and release rights that a party has to a project. This pertains to amounts owed to the party for any worker services. This is a conditional waiver and release, contingent upon final payment. Upon receipt of payment with certain provisions, this form extinguishes all claimant rights. To complete this form, it should be sent to Walsh with the last invoice at the conclusion of the work. In the blank space with the dollar value, the amount of the check should represent the last amount owed by Walsh for the end of the period work. It is important to note that since this is the final invoice, a period through date is not applicable. Direct your attention down to the tally section at the bottom right. The original contract price is the agreed estimated amount listed in the contract. Executed changes refer to any change orders made during the project, including both negative or deductive change orders. The total contract price today reflects the sum of the original contract price and the executed changes. Total earned today represents any amount that you have billed Walsh for since you started working with them, up until the date covered by the conditional lien waiver. Total payments received today reflects the cumulative monthly payments you have received up to this month, including the full payment for this period. Retention withheld to date signifies the total retention amount since the beginning of the work with Walsh, up to the date covered by the conditional lien waiver. Any other withholdings today, if applicable, refer to any additional monies that Walsh has withheld from payments to you. Finally, remember to conclude this form by signing and dating at the bottom.
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How to fill out a waiver of lien in illinois Form: What You Should Know
Final Waiver of Lien — Lipscomb Construction May 29, 2025 — final waiver in the amount of 3,750,000.00 is hereby granted to and hereby signed by me. I, the undersigned, hereby waive any claim of any right of any lien, for the term of forty-five (45) months from the date of sale thereof, against the real property or any part thereof, including any building thereon, to which this document specifically purports to extend. I acknowledge that I have taken all reasonable efforts to ensure that the provisions I have made are in addition to all other rights and remedies which I may have. Furthermore, I furthermore declare that, at the date of the receipt of the notice of sale and before the said forty-five (45) months have elapsed, I have no intent or expectation to exercise any right or remedy whatsoever with respect to this contract by virtue of such waiver. “If you're not getting a mortgage, you're not making a good investment,” said Mike O'Toole, who owns four properties in Chicago's South Loop, including a 3,800-square-foot walk-up in Park Manor. “It's hard to say what the return will be from a lien lease, but I'd rather spend the money on a project that I'm passionate about than to sit and wait for something in the future which turns out not to be there.” O'Toole, who moved into the Park Manor condominium complex after buying a 2.9 million home in Lincoln Park and another in Wicker Park, said he started to examine a property in the area about two years ago. “I always had an interest in the Lincoln Park area, especially the Lincoln Park Lakefront project going on there. I was working on three projects back-to-back — a condo I was building, the Lincoln Park Lakefront project and also the property at the corner of Variable and Kenzie, which is the largest lakefront property I own,” said O'Toole, who had bought two condominium buildings in the Lincoln Park area. “That's when I started to look at that area as I had no intentions of doing any other investment at the time.” O'Toole said the development on the northeast corner of Kenzie and Variable streets “would have been a great place to be.
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