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The conditional waiver and release upon progress payment is the safest waiver for. roofing contractors. A conditional waiver and release upon progress payment generally specifies. that if the roofing contractor has indeed been paid to date, the waiver is effective proof against. any lien claim on the property.
Conditional sale. A conditional sale means that the borrowing is secured on the caravan or motorhome itself until the debt is cleared. A deposit is paid first of all, usually to a value of 10-20% of the total debt, and then subsequent payments are made at a fixed interest rate over a fixed payment term. As the loan is secured, the borrower can benefit from favourable interest rates as the risk to the lender is reduced. However, donât forget that the caravan or motorhome can be repossessed by the lender should the conditional sale repayments not be made.