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Mortgage Lien Release Form Template for Germany

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Key Requirements PROMPT example:

Mortgage Lien Release Form

"I need a Mortgage Lien Release Form for a fully repaid commercial property mortgage in Berlin, to be registered by March 2025, with specific provisions for releasing two separate land charges registered in different priority rankings."

Document background
The Mortgage Lien Release Form (Löschungsbewilligung) is a crucial document in German real estate transactions and mortgage satisfaction processes. It is typically used when a mortgage has been fully repaid, during property sales, or in refinancing situations where an existing mortgage needs to be removed from the land register. The document must include specific details about the property from the land register (Grundbuch), the mortgage being released, and a formal declaration from the mortgage holder. Under German law, this document requires notarization and must be submitted to the land registry office (Grundbuchamt) for the official removal of the mortgage from the property records. The form serves as the legal basis for updating the land register and is essential for maintaining clear property titles in the German real estate system.
Suggested Sections

1. Property Identification: Detailed description of the property including land registry details (Grundbuch), plot number (Flurstück), and address

2. Mortgage Details: Specific details of the mortgage being released, including registration date, amount, and rank in the land register

3. Declaration of Release: Formal statement declaring the release of the mortgage lien (Löschungsbewilligung)

4. Execution Requirements: Statement regarding notarization requirement and execution formalities

5. Authorization: Authorization for the land registry office to remove the mortgage from the register

Optional Sections

1. Partial Release Statement: Only required when releasing a portion of the mortgage while maintaining the remainder

2. Power of Attorney: Required when the release is being executed by an authorized representative rather than the mortgage holder directly

3. Consideration Statement: Statement confirming that all payments have been received, if required by the mortgage holder

4. Priority Notice: Required when there are multiple liens and the release affects the ranking of other encumbrances

Suggested Schedules

1. Land Register Extract: Current extract from the land register (Grundbuchauszug) showing the mortgage registration

2. Property Map: Required for partial releases to clearly identify the portion of property being released

3. Authorization Documents: Copies of power of attorney or corporate resolutions authorizing the release, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















Clauses














Relevant Industries

Banking

Real Estate

Financial Services

Legal Services

Mortgage Lending

Property Development

Construction

Housing Finance

Relevant Teams

Legal

Real Estate

Mortgage Operations

Credit Administration

Property Management

Finance

Loan Processing

Document Management

Risk Management

Relevant Roles

Real Estate Lawyer

Mortgage Officer

Bank Manager

Property Manager

Legal Counsel

Notary Public

Real Estate Agent

Finance Manager

Credit Officer

Real Estate Transaction Manager

Property Administrator

Loan Officer

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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