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The Chicago Title Waiver Format form is a legal document used in Illinois to waive any lien rights related to construction work performed on a property. This form ensures that contractors and suppliers relinquish their claims to payment for labor and materials provided, thereby protecting the property owner from potential liens. Understanding this form is crucial for anyone involved in real estate transactions or construction projects in Illinois.

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Example - Chicago Title Waiver Format Form

COMPANY NAME

WAIVER OF LIEN TO DATE
S STATE OF ILLINOIS	Gty #
COUNTY OF	Escrow #
TO WHOM IT MAY CONCERN:
WHEREAS the undersigned has been employed by
to furnish
for the premises known as
of which	is the owner.

THE undersigned, for and in consideration of

($) Dollars, and other good and valuable considerations, the receipt whereof is hereby acknowledged, do(es) hereby waive and release any and all lien or claim of, or right to, lien, under the statutes of the State of Illinois, relating to mechanics’ liens, with respect to and on said above-described premises, and the improvements thereon, and on the material, fixtures, apparatus or machinery furnished, and on the moneys, funds or other considerations due or to become due from the owner, on account of all labor, services, material, fixtures, apparatus or machinery, furnished to this date by the undersigned for the above-described premises,

INCLUDING EXTRAS.* DATE

ADDRESS

SIGNATURE AND TITLE _______________________________________________________________________________

*EXTRAS INCLUDE BUT ARE NOT LIMITED TO CHANGE ORDERS, BOTH ORAL AND WRITTEN, TO THE CONTRACT

CONTRACTOR’S AFFIDAVIT

STATE OF ILLINOIS

COUNTY OF
TO WHOM IT MAY CONCERN:
THE UNDERSIGNED, (NAME)	BEING DULY SWORN, DEPOSES
AND SAYS THAT HE OR SHE IS (POSITION)	OF
(COMPANY NAME)	WHO IS THE
CONTRACTOR FURNISHING	WORK ON THE BUILDING
LOCATED AT
OWNED BY
That the total amount of the contract including extras* is $	on which he or she has received payment of

$prior to this payment. That all waivers are true, correct and genuine and delivered unconditionally and that there is no claim either legal or equitable to defeat the validity of said waivers. That the following are the names and addresses of all parties who have furnished material or labor, or both, for said work and all parties having contracts or sub contracts for specific portions of said work or for material entering into the construction thereof and the amount due or to become due to each, and that the items mentioned include all labor and material required to complete said work according to plans and specifications:

NAMES AND ADDRESSES

WHAT FOR

CONTRACT PRICE INCLDG EXTRAS*

AMOUNT

PAID

THIS

PAYMENT

BALANCE

DUE

TOTAL LABOR AND MATERIAL INCLUDING EXTRAS* TO COMPLETE.

That there are no other contracts for said work outstanding, and that there is nothing due or to become due to any person for material, labor or other work of any kind done or to be done upon or in connection with said work other than above stated.


DATE_______________________________		SIGNATURE:_______________________________________________
SUBSCRIBED AND SWORN TO BEFORE ME THIS______________________DAY OF__________________,__________
*EXTRAS INCLUDE BUT ARE NOT LIMITED TO CHANGE			_____________________________________________
ORDERS, BOTH ORAL AND WRITTEN, TO THE CONTRACT.			NOTARY PUBLIC
f.1722 R5/96	Provided by Chicago Title Insurance Company

Documents used along the form

The Chicago Title Waiver Format form is an important document in real estate transactions, particularly in construction and renovation projects. It serves to release any claims or liens against a property, ensuring that contractors and subcontractors are paid for their work. Alongside this form, several other documents are commonly used to facilitate the process and protect the interests of all parties involved. Here’s a list of related forms and documents that you might encounter:

Contractor’s Affidavit: This document is a sworn statement from the contractor affirming that they have received payment for work done and that all waivers are genuine. It outlines the total contract amount and lists all parties involved in the project.
Mechanics Lien: A legal claim against a property for unpaid work or materials. If a contractor or supplier is not paid, they can file this lien to secure their right to payment from the property owner.
Change Order: A document that outlines any changes to the original construction contract, including adjustments to the scope of work or costs. It must be agreed upon by both parties to be valid.
Payment Application: A formal request submitted by a contractor to the property owner or developer for payment for work completed. This document typically includes details about the work done and the amount requested.
Subcontractor Agreement: This contract outlines the terms between a general contractor and a subcontractor, detailing the scope of work, payment terms, and other responsibilities.
Notice of Intent to Lien: A document sent to a property owner notifying them of a contractor's intention to file a lien if payment is not received. This serves as a warning and can sometimes prompt payment.
Final Waiver of Lien: This document is signed upon final payment to confirm that the contractor or subcontractor has been fully paid and waives any future claims against the property.
Rental Application Form: A key document used by landlords to gather essential information from potential tenants. For a convenient template, visit nytemplates.com/blank-rental-application-template.
Certificate of Insurance: A document that provides proof of insurance coverage for contractors and subcontractors, protecting against potential liabilities during the project.
Project Schedule: A timeline that outlines the expected completion dates for various phases of the construction project. It helps keep all parties informed and accountable.
Scope of Work: A detailed description of the work to be performed on a project. It defines the tasks, deliverables, and timelines, ensuring clarity for all parties involved.

Each of these documents plays a crucial role in ensuring that construction projects run smoothly and that all parties are protected. Understanding them can help you navigate the complexities of real estate transactions more effectively.