��������Ƶ

A Release of Lien (Pfandfreigabe) is a legal document that officially removes a claim or hold on property in Austria. When you pay off a debt that was secured by your property - like finishing your mortgage payments or settling a construction lien - you'll need this document to prove the property is now free and clear.

Under Austrian civil law, this release becomes especially important during property sales and refinancing. Your bank or lienholder must provide this document once you've met your obligations. It must be properly registered with the local land registry (Grundbuch) to be legally valid, allowing you to sell or transfer the property without any remaining encumbrances.

Get a Release of Lien (Pfandfreigabe) when you've fully paid off any debt that was secured against your property in Austria. Common situations include completing your mortgage payments, paying off construction liens, or settling mechanic's liens from contractors who worked on your property.

This document becomes essential during property sales, refinancing, or when applying for new loans. Austrian banks and lenders typically require proof that all previous liens have been cleared before proceeding with new transactions. Having this release ready speeds up property transactions and prevents delays in the Grundbuch (land registry) registration process, especially when time-sensitive deals are involved.

• Full Release (Vollständige Pfandfreigabe): Completely removes all claims on the property, commonly used after final mortgage payments
• Partial Release (Teilweise Pfandfreigabe): Removes liens from specific portions of property while maintaining others, useful for large developments
• Conditional Release (Bedingte Pfandfreigabe): Releases the lien only after specific conditions are met, often used in construction projects
• Subordination Release (Nachrangige Pfandfreigabe): Modifies lien priority rather than removing it entirely, common in refinancing situations

• Lenders (Banks): Issue the Release of Lien after receiving full payment, must register it with the Grundbuch
• Property Owners: Request and receive the release document, use it to prove their property is unencumbered
• Notaries: Authenticate the release documents and assist with land registry filing requirements
• Land Registry Officials: Process and record the release in the Grundbuch system
• Real Estate Attorneys: Review releases, ensure compliance with Austrian property law, and handle related transactions

• Property Details: Gather the exact property address, land registry number (Einlagezahl), and cadastral district (Katastralgemeinde)
• Lien Information: Collect original lien amount, registration date, and current payoff status
• Party Information: Document full legal names and addresses of both lienor and property owner
• Payment Verification: Have proof of final payment ready, including transaction records
• Documentation: Our platform generates a legally compliant Release of Lien template, ensuring all Austrian legal requirements are met
• Signatures: Arrange for notarization and official authentication (Beglaubigung) of all signatures

• Property Identification: Complete legal description including land registry number and cadastral district details
• Original Lien Details: Reference to original lien document, date of registration, and amount
• Party Information: Full legal names and addresses of lienor, property owner, and any authorized representatives
• Release Statement: Clear declaration of full release and waiver of all claims under Austrian law
• Payment Confirmation: Acknowledgment that all secured obligations have been satisfied
• Authentication Block: Space for notarization and official signatures as required by Austrian civil code
• Registration Details: Information needed for Grundbuch (land registry) recording

A Release of Lien differs significantly from a Lien Waiver in Austrian property law, though they're often confused. While both documents relate to property rights, they serve distinct purposes and are used at different stages of transactions.

• Timing of Use: A Release of Lien is issued after a debt is fully paid, while a Lien Waiver is typically signed before or during work completion, often in construction projects
• Legal Effect: A Release removes an existing registered lien from the Grundbuch, whereas a Waiver prevents future liens from being filed
• Required Parties: Releases need the current lienholder's participation, while Waivers involve potential future lienholders like contractors
• Registration Requirements: A Release must be officially recorded in the land registry, but a Waiver typically doesn't require registration