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Release Of Lien

This template is used to formally release a lien on property, certifying that the underlying debt or obligation has been satisfied. It is suitable for use by businesses in Southern Africa to confirm the discharge of a lien.

Updated 15d ago
lienreleasedebtpropertysecuritycreditcollections

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Release Of Lien

Release Of Lien

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

RELEASE OF LIEN

Date: {{date}}

1. LIENHOLDER INFORMATION

Lienholder Name: {{lienholder_name}}

Lienholder Address: {{lienholder_address}}

Account/Reference Number: {{account_or_reference_number}}

2. DEBTOR INFORMATION

Debtor Name: {{debtor_name}}

Debtor Address: {{debtor_address}}

3. LIEN DETAILS

Original Lien Date: {{original_lien_date}}

Lien Recording Information (e.g., deed book, page number, document number, vehicle identification number): {{lien_recording_information}}

Property Subject to Lien (full description including address, vehicle make/model/VIN, or other identifying details): {{property_description}}

Original Lien Amount: {{original_lien_amount}}

4. DECLARATION OF RELEASE

WHEREAS, the undersigned, {{lienholder_name}}, did on {{original_lien_date}}, hold a lien against the property described above belonging to {{debtor_name}} for the amount of {{original_lien_amount}} ({{original_lien_amount_words}}).

NOW, THEREFORE, be it known that the undersigned, {{lienholder_name}}, hereby acknowledges that the debt or obligation secured by the said lien has been fully satisfied and discharged.

The undersigned does hereby release, relinquish, and discharge the said lien and all rights, title, and interest held thereunder, in and to the property described above, and requests all public officials to take due notice of this release and to cancel the said lien of record.

5. INDEMNIFICATION (Optional)

The Debtor, {{debtor_name}}, agrees to indemnify and hold harmless the Lienholder, {{lienholder_name}}, from and against any and all claims, demands, liabilities, and expenses, including attorney's fees, arising out of or in connection with the original lien or this release, except for claims arising from the gross negligence or wilful misconduct of the Lienholder.

6. GOVERNING LAW

This Release of Lien shall be governed by and construed in accordance with the laws of {{jurisdiction_country}}.

SIGNATURE

_____________________________

{{representative_name}}

{{representative_title}}

For and on behalf of {{lienholder_name}}

Date: {{signature_date}}

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