Business OS
Finance & AccountingFinancing

Release Of Lien

This template is used to formally release a lien on a property or asset, indicating that the underlying debt or obligation has been satisfied. It is used by a lienholder to confirm the removal of their claim.

Updated 17d ago
lien releasefinancingdebt satisfactionpropertyasset

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Release Of Lien

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, {{lienholder_name}}, residing at {{lienholder_address}}, hereinafter referred to as the 'Lienholder', for and in consideration of the full and final payment of the debt secured by the lien hereinafter described, does hereby release, remise, and forever discharge the lien, charge, and encumbrance upon the following described property owned by {{debtor_name}}, residing at {{debtor_address}}, hereinafter referred to as the 'Debtor'.

Property Description

The property subject to this release of lien is described as follows:

{{property_description}}

Located at: {{property_address}}

Original Lien Details

This release pertains to a (Type of Lien, e.g., 'Mechanic's Lien', 'Materialman's Lien', 'Bond Lien') filed on {{lien_filing_date}} in the public records of {{county/district}}, {{province/state}}, under document number {{lien_document_number}} (or other identifying reference).

Confirmation of Satisfaction

The Lienholder hereby acknowledges that the debt, obligation, or claim for which the aforementioned lien was secured has been fully satisfied and discharged in the amount of {{amount_paid}}.

Waiver of Further Claims

The Lienholder, for itself, its successors and assigns, hereby waives and releases any and all further claims, demands, actions, or causes of action against the Debtor, the property, or any other party arising from or related to the original debt or the lien herein released.

Governing Law

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

Signature Block

IN WITNESS WHEREOF, the Lienholder has executed this Release of Lien on the date first written above.

_____________________________

{{lienholder_name}}

Title: {{lienholder_title}}

_____________________________

Witness Name: {{witness_name}}

Witness Signature:

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