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Unconditional Lien Release Waiver

Unconditional Lien Release Waiver Template for Germany

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Key Requirements PROMPT example:

Unconditional Lien Release Waiver

"I need an Unconditional Lien Release Waiver under German law for Deutsche Bank AG to release their mortgage lien on my commercial property in Munich following full loan repayment, with the document to be executed by March 2025."

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Document background
The Unconditional Lien Release Waiver is a crucial document in German real estate and financing transactions, used when a lien holder wishes to formally relinquish their security interest in a property. This typically occurs after full repayment of a secured debt, during property sales, or as part of refinancing arrangements. The document must comply with strict German legal requirements, particularly those set forth in the German Civil Code (BGB) and Land Registration Act (Grundbuchordnung). It contains specific language required by German land registry offices for removing liens from property records and must be properly notarized. The waiver's unconditional nature means that once executed, the lien holder cannot revoke the release or impose additional conditions, providing certainty for property owners and subsequent transactions.
Suggested Sections

1. Parties: Identification of the Lien Holder (Grundpfandrechtsgläubiger) and Property Owner, including full legal names, addresses, and registration details if applicable

2. Property Description: Detailed description of the property including land registry details (Grundbuch), plot numbers (Flurstück), and registry office location

3. Lien Details: Specific details of the lien being released, including registration date, amount, and rank in the land register

4. Unconditional Waiver Declaration: Clear and unequivocal statement of unconditional waiver and release of the lien, specifically formatted for German land registry requirements

5. Authorization: Express authorization for the removal of the lien from the land register (Löschungsbewilligung)

6. Execution: Signature blocks with notarization provisions as required under German law

Optional Sections

1. Consideration Statement: Optional section confirming receipt of payment or other consideration, used when the release is part of a settlement or payment agreement

2. Partial Release Provisions: Used only when releasing a lien on part of a property while maintaining it on another part

3. Related Rights Release: Optional section for releasing associated rights or claims, used when there are additional security interests or claims to be waived

4. Representative Authority: Required only when the document is being signed by representatives rather than the primary parties

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including cadastral details, required for complex properties or when partial release applies

2. Original Lien Documentation: Copies or references to the original lien registration documents from the land register

3. Power of Attorney: If applicable, documentation proving the authority of representatives to execute the release

4. Corporate Authorization: For corporate entities, relevant board resolutions or other authorization documents required under German law

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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




















Clauses




















Relevant Industries

Banking & Financial Services

Real Estate

Construction

Property Development

Legal Services

Mortgage Lending

Commercial Property

Residential Property

Infrastructure Development

Urban Development

Relevant Teams

Legal

Real Estate

Property Management

Finance

Mortgage Operations

Construction Management

Corporate Secretariat

Risk Management

Compliance

Transaction Management

Relevant Roles

Real Estate Attorney

Property Lawyer

Legal Counsel

Real Estate Manager

Property Developer

Bank Manager

Mortgage Officer

Real Estate Transaction Manager

Property Rights Administrator

Construction Project Manager

Legal Director

Property Portfolio Manager

Real Estate Finance Manager

Title Officer

Notary Public

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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