Lien Waiver Release Form Template for Indonesia

The Lien Waiver Release Form is a critical document in Indonesian property and construction transactions, used when a party wishes to formally relinquish their lien rights against a property or project. This document becomes necessary upon satisfaction of a debt or completion of contracted work, typically in construction projects, property development, or other real estate transactions. The form must comply with Indonesian Civil Code requirements and often requires notarization. It includes essential information such as party details, property description, original lien information, payment confirmation, and formal release language. The document is particularly important in maintaining clear property titles and facilitating smooth project completions, as it provides legal certainty that all claims have been satisfied and released.

1. Parties: Identification of the lien holder (creditor) and the party requesting the release (debtor), including their complete legal names, addresses, and authorized representatives

2. Background: Brief description of the original contract or work that gave rise to the lien, reference to the original lien documentation, and the reason for the release

3. Definitions: Key terms used in the document, including 'Lien', 'Property', 'Work Performed', 'Payment Amount', and other relevant terms

4. Acknowledgment of Payment: Confirmation of the amount received and that it represents payment for the specified work or obligations

5. Lien Release Statement: The formal waiver language releasing all rights and claims to the lien, including specific reference to the property or work involved

6. Representations and Warranties: Statements confirming the lien holder's authority to release the lien and that no assignment or transfer of the lien rights has occurred

7. Governing Law: Specification that Indonesian law governs the release and its interpretation

8. Execution: Signature blocks for all parties, including spaces for witnesses and notarization as required under Indonesian law