Document background
The Unconditional Release of Lien Form is a crucial document in German property and security interest law, used when a lienholder wishes to formally relinquish their security interest in a property. This typically occurs after full payment or satisfaction of the underlying obligation. The document must meet strict formal requirements under German law, including notarization and specific language required by the land registry office (Grundbuchamt). It contains detailed information about the property, the original lien, and explicit release language that enables the removal of the security interest from the land register (Grundbuch). This form is essential in property transactions, refinancing, and construction projects where clearing title of encumbrances is necessary. Under German law, the release becomes effective upon registration in the land register, making this document a critical tool in real estate and secured financing transactions.
