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Property Lien Release Form
"I need a Property Lien Release Form for releasing a construction lien registered by ABC Contractors Ltd. against my commercial property at 123 Business Ave, Toronto, following the completion of our renovation project and full payment of $250,000 made on January 15, 2025."
1. Title and Date: Clear identification of the document as a Lien Release Form and the date of execution
2. Parties: Identification of the Lien Holder (Releasor) and Property Owner (Releasee), including full legal names and addresses
3. Property Description: Legal description of the property from which the lien is being released, including street address and legal property identifier
4. Lien Details: Description of the original lien, including registration date, registration number, and amount
5. Release Statement: Formal statement releasing and discharging the lien and confirming payment or satisfaction of the underlying obligation
6. Consideration: Statement of the consideration received for the release of the lien
7. Authority: Statement confirming the authority of the person executing the release
8. Execution: Signature blocks for the Lien Holder and witnesses, including notarization requirements
1. Partial Release Statement: Used when only a portion of the lien is being released, specifying which portion remains in effect
2. Conditions: Include when the release is subject to specific conditions that must be met
3. Representations and Warranties: Additional statements confirming the lien holder's right to release the lien and that no assignment or transfer of the lien has occurred
4. Governing Law: Include when the property crosses jurisdictional boundaries or when dealing with out-of-province parties
5. Multiple Properties: Additional section for cases where the lien release applies to multiple properties
1. Schedule A - Property Description: Detailed legal description of the property when too lengthy to include in main document
2. Schedule B - Original Lien Documentation: Copies of the original lien registration documents
3. Schedule C - Payment Details: When required, breakdown of payments or satisfaction of debt that led to the release
4. Schedule D - Supporting Resolutions: Corporate or organizational resolutions authorizing the release when the lien holder is not an individual
Authors
Real Estate
Construction
Legal Services
Financial Services
Property Development
Property Management
Banking
Insurance
Building Materials
Architecture and Design
Legal
Real Estate
Construction Management
Property Management
Contract Administration
Risk Management
Compliance
Finance
Operations
Document Control
Real Estate Lawyer
Property Manager
Construction Project Manager
Legal Counsel
Title Officer
Contracts Administrator
Construction Supervisor
Real Estate Agent
Mortgage Officer
Claims Adjuster
Property Developer
Construction Company Owner
Corporate Secretary
Compliance Officer
Real Estate Paralegal
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