According to the waiver provision, who must sign the waiver for it to be valid?

According to the waiver provision, who must sign the waiver for it to be valid?

• A. The Owner Of The Property
• B. The Lender
• C. The Contractor
• D. The Building Official

Answer: (A)

A waiver that affects a property’s claims must be signed by the party who owns and controls those rights—the property owner. The owner’s signature binds the property to the release and makes the waiver enforceable against any claims tied to that project. The lender, contractor, or building official do not have the authority to sign on behalf of the property to release those rights, and their signatures would not bind the property or release the owner’s potential claims. So, the owner of the property is the correct signer for the waiver to be valid.

A waiver that affects a property’s claims must be signed by the party who owns and controls those rights—the property owner. The owner’s signature binds the property to the release and makes the waiver enforceable against any claims tied to that project. The lender, contractor, or building official do not have the authority to sign on behalf of the property to release those rights, and their signatures would not bind the property or release the owner’s potential claims. So, the owner of the property is the correct signer for the waiver to be valid.