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Conditional Release Of Lien

Conditional Release Of Lien Template for Ireland

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Key Requirements PROMPT example:

Conditional Release Of Lien

I need a Conditional Release of Lien for our Dublin office building construction project, where three subcontractors will release their liens upon receiving staged payments scheduled for March 2025, with the final payment being €500,000 per contractor.

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Document background
The Conditional Release of Lien is a crucial document in Irish construction and property development, used when a party holding a lien against a property agrees to release their security interest subject to specific conditions being met. This document type is particularly important in situations where staged payments or specific performance conditions are involved in construction projects. The release helps facilitate smooth project completion and property transactions while protecting the rights of contractors, suppliers, and property owners. Under Irish law, this document must comply with the Construction Contracts Act 2013 and related legislation, ensuring proper recording and enforcement of lien releases. The Conditional Release of Lien typically includes detailed information about the original lien, the property in question, the conditions for release, and the parties involved, providing a clear framework for the eventual discharge of the lien.
Suggested Sections

1. Identification of Parties: Names and full legal details of the Lien Holder and Property Owner

2. Property Description: Legal description and address of the property subject to the lien

3. Original Lien Details: Information about the original lien, including date filed, amount, and registration details

4. Consideration: Statement of the agreed payment or other consideration for the release

5. Conditions for Release: Specific conditions that must be met for the lien to be released

6. Release Statement: Formal statement of release contingent upon satisfaction of conditions

7. Representations and Warranties: Statements confirming the lien holder's authority to release and validity of the lien

8. Execution Requirements: Requirements for signing, witnessing, and notarization

Optional Sections

1. Partial Release Provisions: Include when the release applies to only a portion of the property or lien amount

2. Payment Instructions: Include when specific payment methods or timing need to be detailed

3. Dispute Resolution: Include when parties want to specify how potential disputes about condition satisfaction will be resolved

4. Time Limitations: Include when the conditional release has an expiration date or time-sensitive conditions

5. Governing Law: Include when dealing with cross-border matters or to explicitly state Irish law applies

Suggested Schedules

1. Schedule A - Property Details: Detailed legal description of the property, including maps or surveys if relevant

2. Schedule B - Payment Schedule: If payment is to be made in installments or subject to specific conditions

3. Schedule C - Original Lien Documentation: Copies of the original lien filing and registration documents

4. Appendix 1 - Proof of Authority: Documentation proving the authority of the person executing the release

5. Appendix 2 - Satisfaction Conditions Checklist: Detailed checklist of conditions that must be met for the release to become effective

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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alex.den.21@genieai.co
Relevant Industries

Construction

Real Estate

Property Development

Infrastructure

Commercial Property

Residential Property

Industrial Development

Engineering Services

Architecture and Design

Building Materials and Supply

Relevant Teams

Legal

Construction Management

Property Development

Contract Administration

Finance

Risk Management

Real Estate Operations

Project Management

Procurement

Commercial Operations

Relevant Roles

Construction Project Manager

Contract Administrator

Legal Counsel

Property Developer

Construction Site Manager

Quantity Surveyor

Real Estate Manager

Finance Director

Commercial Director

Construction Company Owner

Property Manager

Procurement Manager

Risk Manager

Claims Manager

Industries
Registration of Title Act 1964: Governs the registration of property titles and encumbrances (including liens) in Ireland, establishing the legal framework for recording and releasing liens on registered properties
Construction Contracts Act 2013: Regulates payment practices in construction contracts and provides statutory protection for contractors, which can affect the conditions under which liens may be placed or released
Land and Conveyancing Law Reform Act 2009: Modernizes Irish property law and affects how liens and other property encumbrances are created, maintained, and released
Civil Law (Miscellaneous Provisions) Act 2011: Contains provisions affecting civil proceedings and enforcement of liens, including procedural requirements for lien releases
Common Law Doctrine of Liens: Irish courts recognize common law liens, which form the basis for many construction and mechanics' liens, influencing how conditional releases must be structured
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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