A Lien Release Statement is essential when removing an encumbrance from property following the satisfaction of a debt or obligation. This document is commonly used in real estate transactions, construction projects, and various financial dealings across the United States. It must comply with the Uniform Commercial Code (UCC) and state-specific requirements. The Lien Release Statement includes detailed information about the original lien, property description, parties involved, and explicit release language. It serves as crucial documentation for property owners to prove their assets are free from specific claims or encumbrances.
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1. Identification of Parties: Names and details of lien holder and property owner, including legal capacity and contact information
2. Property Description: Detailed legal description of property or collateral subject to lien, including location, boundaries, or identifying characteristics
3. Original Lien Information: Details of original lien including date filed, amount, recording information, and any subsequent modifications
4. Release Statement: Formal statement releasing all claims and interests in the property, with specific statutory language as required by jurisdiction
5. Consideration Statement: Acknowledgment of payment or other consideration received for releasing the lien
1. Partial Release Statement: Used when only a portion of the lien is being released, including specific description of released portion
2. Conditional Release Language: Used when release is contingent upon specific conditions, such as payment or performance of obligations
3. Subordination Statement: Used when lien is being subordinated to another interest rather than fully released
4. Representations and Warranties: Additional statements confirming authority to release lien and status of underlying obligation
1. Schedule A - Original Lien Documentation: Copy of original lien filing or recording documents
2. Schedule B - Property Documentation: Legal description, surveys, or other property documentation
3. Schedule C - Payment Evidence: Proof of payment or satisfaction of debt leading to lien release
4. Schedule D - Authority Documentation: Documentation proving authority to release lien (if applicable)
Relevant legal definitions
Lien
Lien Holder
Property Owner
Subject Property
Original Lien Amount
Recording Date
Recording Number
Consideration
Effective Date
Release Date
County Recorder
Governing Law
Security Interest
Encumbrance
Filing Office
Release Instrument
Satisfaction of Debt
Collateral
Original Security Agreement
Recording Jurisdiction
Partial Release
Subordination
Conditional Release
Construction Lien
Mechanic's Lien
Priority Position
UCC Filing Number
Senior Lienholder
Junior Lienholder
Release Consideration
Lien Holder
Property Owner
Subject Property
Original Lien Amount
Recording Date
Recording Number
Consideration
Effective Date
Release Date
County Recorder
Governing Law
Security Interest
Encumbrance
Filing Office
Release Instrument
Satisfaction of Debt
Collateral
Original Security Agreement
Recording Jurisdiction
Partial Release
Subordination
Conditional Release
Construction Lien
Mechanic's Lien
Priority Position
UCC Filing Number
Senior Lienholder
Junior Lienholder
Release Consideration
Clauses
Party Identification
Property Description
Lien Description
Release Statement
Consideration
Representations and Warranties
Authority to Execute
Governing Law
Execution and Acknowledgment
Recording Authorization
Indemnification
Further Assurances
Partial Release
Subordination
Survival
Severability
Amendment
Notices
Waiver
Conditional Release
Construction Completion
Payment Verification
UCC Filing References
Priority Rights
Bankruptcy Provisions
Title Insurance
Property Description
Lien Description
Release Statement
Consideration
Representations and Warranties
Authority to Execute
Governing Law
Execution and Acknowledgment
Recording Authorization
Indemnification
Further Assurances
Partial Release
Subordination
Survival
Severability
Amendment
Notices
Waiver
Conditional Release
Construction Completion
Payment Verification
UCC Filing References
Priority Rights
Bankruptcy Provisions
Title Insurance
Relevant Industries
Relevant Teams
Relevant Roles
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