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Lien Release Agreement

Lien Release Agreement Template for Ireland

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Key Requirements PROMPT example:

Lien Release Agreement

"I need a Lien Release Agreement for releasing a construction lien held by Murphy Construction Ltd. on a commercial property in Dublin, following full payment of €500,000 due by March 15, 2025."

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Document background
The Lien Release Agreement is a crucial document in Irish property and security law, used when a party holding a security interest (lien) in property agrees to relinquish their rights. This typically occurs after the full satisfaction of a debt or obligation, or as part of a negotiated settlement. The document must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009 and the Registration of Title Act 1964. It includes specific details about the original lien, property description, and confirmation of the release. The agreement is commonly used in real estate transactions, construction projects, and financial dealings where secured interests need to be formally discharged. A properly executed Lien Release Agreement is essential for clearing title records and enabling smooth property transactions.
Suggested Sections

1. Parties: Identification of the Lien Holder (Releasor) and the Property Owner/Debtor (Releasee), including full legal names and addresses

2. Background: Recitals explaining the original lien, its recording details, and the circumstances leading to its release

3. Definitions: Definitions of key terms used in the agreement, including 'Property', 'Lien', 'Release Date', and other relevant terms

4. Release of Lien: The operative provision releasing the lien and relinquishing all rights and interests in the property

5. Representations and Warranties: Statements by the Lien Holder regarding their authority to release the lien and the status of the underlying obligation

6. Registration and Filing: Provisions regarding the registration or filing of the release with relevant authorities (e.g., Property Registration Authority)

7. Further Assurances: Commitment to execute additional documents or take further actions if needed to effect the release

8. Governing Law: Specification that Irish law governs the agreement

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Payment Acknowledgment: Confirmation of receipt of full payment or satisfaction of the underlying obligation - include when the release is contingent on payment

2. Partial Release Provisions: Terms specifying which portion of the property is being released - include when only part of the property is being released from the lien

3. Surviving Obligations: Description of any obligations that survive the release - include when certain rights or obligations should continue

4. Tax Provisions: Handling of any tax implications of the release - include when there are significant tax considerations

5. Multiple Lien Holders: Additional provisions for coordination among multiple lien holders - include when there are multiple lien holders

6. Indemnification: Provisions protecting against future claims - include when there are concerns about potential future disputes

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property, including title details and registration information

2. Schedule B - Original Lien Details: Copy or details of the original lien documentation, including recording information

3. Schedule C - Payment Details: If applicable, details of any payment or satisfaction of the underlying obligation

4. Appendix 1 - Supporting Documents: Copies of relevant supporting documents such as property registration certificates or corporate resolutions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses




















Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Development

Mortgage Lending

Asset Management

Infrastructure

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Finance

Property Management

Risk & Compliance

Commercial

Operations

Corporate Services

Credit Administration

Business Development

Relevant Roles

Property Lawyer

Real Estate Manager

Finance Director

Property Developer

Construction Manager

Mortgage Officer

Legal Counsel

Title Officer

Contract Administrator

Property Administrator

Risk Manager

Commercial Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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