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Mortgage House Discharge Form Template for Germany

A formal legal document governed by German property law (B眉rgerliches Gesetzbuch - BGB) that facilitates the release of a property from a mortgage encumbrance. This document, known as 'L枚schungsbewilligung' in German, requires notarization and must comply with specific requirements of the German Land Registry Office (Grundbuchamt). It contains essential details about the property, the mortgage being discharged, and the lender's formal consent to remove the mortgage entry from the land register. The document plays a crucial role in German real estate transactions, particularly in property sales and refinancing situations.

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What is a Mortgage House Discharge Form?

The Mortgage House Discharge Form (L枚schungsbewilligung) is a critical document in German real estate transactions used when a property owner has fully repaid their mortgage or when transferring property ownership. This document is required by German law to formally release a property from a mortgage encumbrance registered in the land register (Grundbuch). It must be prepared in accordance with the German Civil Code (BGB) and Land Registration Code (GBO), requiring notarization before submission to the land registry office. The document is typically needed in scenarios such as property sales, refinancing, or after complete mortgage repayment. It includes specific details about the property, mortgage, and participating parties, and serves as the legal basis for removing the mortgage entry from the land register.

What sections should be included in a Mortgage House Discharge Form?

1. Identification of Parties: Details of the mortgage lender (including full legal name, registration details for institutions) and property owner

2. Property Details: Precise legal description of the property as registered in the land register, including land registry office, folio number, and cadastral details

3. Mortgage Details: Specific details of the mortgage to be discharged, including registration date, amount, and rank in the land register

4. Discharge Declaration: Formal declaration by the lender consenting to the discharge of the mortgage

5. Authorization: Explicit authorization for the land registry to remove the mortgage entry

6. Execution Block: Space for notarization and signatures, including date and place of execution

What sections are optional to include in a Mortgage House Discharge Form?

1. Partial Discharge Details: Required when only part of the mortgage is being discharged, specifying the exact amount and portion being released

2. Multiple Lender Provisions: Required when there are multiple lenders involved, specifying the relationships and authorizations between them

3. Power of Attorney Reference: Required when the discharge is being executed by an authorized representative rather than the primary lender

4. Priority Notice Discharge: Required when there is also a priority notice (Vormerkung) to be discharged along with the mortgage

What schedules should be included in a Mortgage House Discharge Form?

1. Land Register Extract: Current extract from the land register showing the mortgage registration (Grundbuchauszug)

2. Notarial Authentication: Official notarial certification and authentication of the discharge

3. Power of Attorney Document: If applicable, the document proving authorization for representatives acting on behalf of the lender

4. Property Map: Required for partial discharges affecting specific portions of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Germany

Document Type

Mortgage Document

Cost

Free to use

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