Document background
The Conditional Release of Lien is a vital instrument in Swiss property and security law, used when parties wish to establish specific conditions for the release of a registered security interest. This document type is commonly employed in real estate transactions, construction projects, and debt restructuring situations where a lienholder agrees to release their security interest upon satisfaction of predetermined conditions. Under Swiss law, the document must meet strict formal requirements, including proper registration in the land registry and potential notarization. The document typically details the existing lien, property description, conditions for release, and the release mechanism. It's particularly important in scenarios involving staged payments, property sales, or construction project completions where the release of security interests needs to be coordinated with specific events or payments.
