I am having trouble agreeing with a contractor on obtaining an "unconditional lien release". I want to make sure that no one can come back against me from the work that was done-either the company, their subs, or suppliers. Contractor has sent me their own lien release which reads as follows:
Company hereby releases and waives rights to a construction lien in the amount of "x" (contract
price) for improvements and/or materials furnished to, the property described below (my address).
Company warrants that all laborers and subcontractors employed by Company, and all suppliers from which it acquired materials, have been paid their respective portion and that none of such laborers, subcontractors, or suppliers have any claim against the project listed above.
This waiver is conditioned upon full satisfaction of the amount shown above"
My concerns are this:
1) I sent my own lien waiver form that has the company releasing me, a separate form requesting them to list all subs/suppliers by name and stating all have been paid in full.
2) The term "paid their respective portion" to me is not the same as "paid in full". Am I being too concerned?
3) In Georgia it is very easy to lien a homeowner, and this contractor did a lot of damage to my house (their insurance company paid for damages) so I want to be very conservative here. Thanks.