A Release Of Lien On Real Property Form is essential when a property owner has satisfied their obligations under a lien and requires formal documentation of the discharge. This document is commonly used in England and Wales following the full payment of a debt, completion of contracted work, or resolution of a claim that created the original lien. The form must meet specific requirements under English property law, including accurate property descriptions, party details, and proper execution formats. It serves as crucial evidence for the Land Registry and future property transactions, confirming that the property is free from the specified encumbrance.
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1. Identification of Parties: Details of lien holder and property owner
2. Property Description: Legal description of the property including title number
3. Original Lien Details: Reference to original lien, date created, amount
4. Release Statement: Formal declaration releasing the lien
5. Execution Block: Signature sections for all parties
1. Partial Release Statement: Used when only releasing part of the lien - applicable when releasing only portion of property or debt
2. Consideration Statement: Details of any payment made to secure release - used when payment was made to obtain release
3. Trustee Authorization: Additional provisions for trustee lien holders - required when lien holder is acting as trustee
1. Property Plan: Detailed plan of property (required for partial releases)
2. Original Lien Document: Copy of original lien being released
3. Land Registry Compliance Statement: Required forms for Land Registry filing
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