Document background
The Conditional Release of Lien is a crucial document in Hong Kong's property and construction sectors, used when a lien holder agrees to release their security interest subject to specific conditions being met. This document type is particularly relevant in construction projects, property developments, and financial transactions where liens have been placed on property as security for payment or performance. The document must comply with Hong Kong's legal requirements, particularly the Conveyancing and Property Ordinance and Building Ordinance. It typically includes detailed information about the original lien, property description, conditions for release, and the release mechanism. The conditional nature of the release provides protection for the lien holder while offering a clear path to lien removal for the property owner or debtor.
