What is the reason for waiver of builder's lien?

Author
MyProperty
South Africa's #1 independent property portal

A waiver of builder's lien is signed by the builder to ensure that in the event of the builder absconding the site, that he has renounced, waived and abandoned all his rights, title and interest in and to any lien or right of retention which he may have in regard to certain building and/or structures and/or improvements/materials on site

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