The Title Lien Release Form is a crucial document in English and Welsh property transactions where a security interest needs to be discharged. It is typically used when a loan or other obligation secured by property has been fully satisfied, requiring the lien holder to formally release their interest. The document must include specific information about the original lien, the property, and the parties involved, while complying with relevant legislation such as the Bills of Sale Acts and the Law of Property Act 1925. The release form serves as evidence that the property is free from the specified encumbrance and can be transferred or dealt with without this particular restriction.
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1. Lien Holder Information: Details of the entity releasing the lien, including full legal name, address, and contact information
2. Property Description: Detailed description of the property being released from lien, including any relevant identification numbers or registration details
3. Release Statement: Formal declaration stating that the lien holder releases all rights, title, and interest in the specified property
4. Date of Release: Clear statement of the effective date when the lien release takes effect
5. Execution Block: Space for authorized signatures, witness details, and notarization requirements
1. Consideration Statement: Statement regarding any payment or consideration received for the release of the lien
2. Partial Release Clause: Specific details about partial release of lien when only certain property portions are being released
3. Conditions Precedent: Any conditions that must be satisfied before the release becomes effective
4. Representations and Warranties: Statements confirming the lien holder's authority to release the lien and other relevant assurances
1. Schedule A - Original Lien Documentation: Copy or details of the original lien agreement or registration
2. Schedule B - Property Title Documents: Copies of relevant title documentation showing the existing lien
3. Schedule C - Payment Evidence: Documentation proving payment or satisfaction of the lien, if applicable
4. Schedule D - Property Description Details: Detailed technical description or specification of the property being released, including any relevant diagrams or identifiers
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