A Mechanics Lien Release is utilized in Singapore when a contractor, subcontractor, or supplier has received payment for work performed and needs to formally relinquish their rights to claim against the property. Under Singapore's legal framework, particularly SOPA and the Contractor's Liens Act, this document provides property owners with assurance that no further claims will be made for the specified work. The release can be conditional upon payment or unconditional, and may cover all work performed or specific portions of work. It's a crucial document for maintaining clear property titles and concluding construction payment obligations.
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Key Requirements PROMPT example:
Mechanics Lien Release
"I need a Mechanics Lien Release for a completed renovation project in Singapore, where my company has received full payment of SGD 250,000 from the property owner on January 15, 2025, and we want to release all claims against the property."
1. Identification of Parties: Details of the lien holder (contractor/subcontractor) and property owner
2. Property Description: Detailed description of the property where work was performed
3. Payment Acknowledgment: Confirmation of receipt of payment and amount
4. Release Statement: Formal statement releasing all claims and rights to lien
5. Execution Block: Signature blocks, witness requirements, and date
1. Partial Release Clause: Used when only releasing claims up to a specific date or for specific work
2. Conditional Release Clause: Release effective only upon receipt of specified payment
3. Warranty of Authority: Signatory's confirmation of authority to execute the release
1. Payment Schedule: Details of payments made and outstanding amounts
2. Work Description Schedule: Detailed description of completed works being released
3. Supporting Documents: Copies of relevant permits, certificates, or payment proofs
Authors
Relevant legal definitions
Clauses
Release and Waiver
Payment Acknowledgment
Property Description
Scope of Work
Representations and Warranties
Authority to Execute
Governing Law
Consideration
Indemnification
Severability
Entire Agreement
Further Assurance
Binding Effect
Conditional Release Terms
Rights Reserved
Notice Requirements
Attestation
Amendment
Assignment
Dispute Resolution
Payment Acknowledgment
Property Description
Scope of Work
Representations and Warranties
Authority to Execute
Governing Law
Consideration
Indemnification
Severability
Entire Agreement
Further Assurance
Binding Effect
Conditional Release Terms
Rights Reserved
Notice Requirements
Attestation
Amendment
Assignment
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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