Unconditional Release Of Lien Form

Unconditional Release Of Lien Form Template for Canada

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Key Requirements PROMPT example:

"I need an Unconditional Release of Lien Form for a completed commercial construction project in Ontario, where our company received full payment of CAD 250,000 on January 15, 2025, and we need to release our builder's lien immediately."

Document background

The Unconditional Release of Lien Form is a crucial document in Canadian construction and development projects, used when a party who has previously filed a construction or builder's lien wishes to release their claim against a property. This typically occurs after receiving payment or reaching a settlement for the work performed. The document is governed by provincial legislation such as the Construction Act in Ontario or similar Builders' Lien Acts in other provinces. It contains essential information including the identity of the lien claimant, property details, original lien information, and clear language unconditionally releasing all rights and claims. This form is distinct from a conditional release as it provides immediate and permanent waiver of lien rights, regardless of future events or conditions.

Suggested Sections

1. Project Identification: Details of the construction project including project name, address, and legal description of the property

2. Lien Claimant Information: Full legal name and address of the party releasing the lien

3. Owner/Contractor Information: Full legal name and address of the property owner and/or general contractor

4. Lien Details: Information about the lien being released, including registration number, date of registration, and amount

5. Release Statement: Clear and unambiguous statement releasing all rights and claims under the lien

6. Acknowledgment of Payment: Confirmation that payment has been received or other consideration satisfied

7. Execution: Signature block, date, and witness or notary requirements

Optional Sections

1. Partial Release Statement: Used when only releasing a portion of the lien amount or property

2. Consideration Details: Detailed breakdown of payment or other consideration when complex payment arrangements are involved

3. Additional Warranties: Additional warranties or representations by the lien claimant, used in complex projects

4. Related Parties Release: Release of claims by related parties or subcontractors, used when multiple parties are involved

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property when too lengthy for main document

2. Schedule B - Payment Details: Breakdown of payments or consideration when complex payment arrangements exist

3. Schedule C - Original Lien Documentation: Copies of original lien registration documents for reference

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

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Relevant Industries

Construction

Real Estate

Infrastructure

Commercial Development

Residential Development

Industrial Development

Mining

Oil and Gas

Renewable Energy

Manufacturing

Retail Development

Healthcare Facilities

Relevant Teams

Legal

Construction

Project Management

Finance

Procurement

Operations

Real Estate

Contract Administration

Risk Management

Document Control

Relevant Roles

Construction Manager

Project Manager

Contract Administrator

Legal Counsel

Property Manager

Real Estate Developer

Construction Superintendent

Claims Manager

Finance Manager

Account Manager

Procurement Manager

Site Supervisor

General Contractor

Subcontractor

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Let's create your Unconditional Release Of Lien Form

Authors

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