- Mechanic's Lien
- A legal claim recorded against a property by an unpaid contractor, subcontractor, or supplier, encumbering the title until the debt is resolved.
- Conditional Lien Waiver
- A waiver that becomes effective only when a specific payment β identified by check number or amount β actually clears the bank.
- Unconditional Lien Waiver
- A waiver that is effective immediately upon signing, regardless of whether payment has actually been received or cleared.
- Claimant
- The contractor, subcontractor, or supplier who holds or could hold lien rights and is signing away those rights in the waiver.
- Through Date
- The specific date up to which the claimant is waiving lien rights, covering all labor and materials furnished on or before that date.
- Retention (Retainage)
- A percentage of each progress payment β typically 5β10% β withheld by the owner or GC until project completion, which can be carved out of a progress waiver.
- Preliminary Notice
- A notice sent by a subcontractor or supplier early in a project to preserve their right to file a mechanic's lien in Washington State.
- Lien Period
- The window within which a claimant must record a mechanic's lien β 90 days from last furnishing in Washington State for most parties.
- Joint Check Agreement
- An arrangement where payment is made by check payable to both the GC and subcontractor jointly, ensuring the sub receives funds before signing a waiver.
- Notice of Completion
- A document recorded by the property owner when construction is substantially complete, which triggers the start of the lien filing deadline for most claimants.