A Real Estate Lien Release is utilized when a lien holder wishes to formally relinquish their security interest in a property in Singapore. This document is essential when a debt has been satisfied, a dispute has been resolved, or there is another valid reason for releasing the lien. The release must comply with Singapore's Land Titles Act and SLA requirements, including proper property description, party identification, and registration procedures. It provides legal evidence that the property is free from the specified encumbrance and can be particularly important in property sales or refinancing situations.
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Key Requirements PROMPT example:
Real Estate Lien Release
"I need a Real Estate Lien Release for a commercial property in Singapore's Central Business District, where the construction company's lien is being released following full payment of outstanding amounts, to be effective from March 15, 2025."
1. Document Title and Date: Clear identification of document as Lien Release with execution date
2. Parties: Identification of lienor and property owner with full legal names and addresses
3. Property Description: Legal description of property including lot number, address, and title details
4. Lien Details: Description of original lien including date, amount, and registration details
5. Release Statement: Formal statement releasing the lien and relinquishing all claims
6. Execution Block: Signature blocks with attestation requirements
1. Consideration Statement: Details of any payment or consideration for the release - used when release is given in exchange for payment
2. Partial Release Provisions: Specific terms for partial release of lien - used when only portion of property or lien is being released
3. Conditions Precedent: Any conditions that must be met before release becomes effective - used when release is contingent on specific actions
1. Property Title Documents: Copies of relevant title documents and plans
2. Original Lien Documentation: Copy of original lien registration
3. Payment Evidence: Proof of payment or satisfaction of lien (if applicable)
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