Building Code Administrators and Inspectors Florida Principle and Practice Licensure Practice Exam

If a lienor waives their rights, what can the owner do?

1. Continue making payments without further liability

2. File for additional claims

3. Claim losses from the lienor

4. Disregard warnings of liability

The correct answer is: Continue making payments without further liability

When a lienor waives their rights, it indicates that they have relinquished any future claims against the property or the owner regarding the specific debt or obligation. This waiver means that the lienor agrees not to pursue the remaining balance or enforce any lien on the property. As a result, the owner can continue making payments on any remaining debts without the concern of additional legal claims or liabilities arising from that particular lienor. This situation provides the owner with a significant advantage in managing their financial obligations and maintaining a clear title to their property, free from claims that could otherwise arise from the original debt the lienor might have possessed. Essentially, the waiver frees the owner from further liability regarding those claims, allowing them to proceed with confidence in their financial dealings related to that lien. The other options present scenarios that are not applicable when a lienor has waived their rights, as their waiver effectively removes the groundwork for further legal disputes regarding liability.