Document background
The Conditional Release of Lien is a crucial document in Singapore's construction and property development sector, used when parties wish to arrange for the release of a lien subject to specific conditions being met. This document type is particularly relevant under Singapore's SOPA framework and provides security for both lien holders and property owners during the release process. A Conditional Release of Lien typically becomes necessary when partial payments are made, when funds are held in escrow, or when other specific conditions must be met before a full release can be granted. The document protects the lienor's interests until conditions are satisfied while providing property owners with a clear path to lien removal.
