Document background
A Conditional Release of Lien is a crucial document in Philippine property and construction law, used when a party holding a lien against a property agrees to release their claim subject to specific conditions being met. This document type is commonly used in construction projects, property developments, and real estate transactions where contractors, suppliers, or other parties have placed liens on property to secure payment for services or materials. The Conditional Release of Lien must comply with the Civil Code of the Philippines and local property registration requirements, typically requiring notarization and proper registration with relevant authorities. It serves as a bridge between the current encumbered state of the property and its eventual lien-free status, providing security for the lien holder while offering a clear path to lien release for the property owner.
