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Lien Release Form

Lien Release Form Template for Denmark

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Lien Release Form

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Document background
The Lien Release Form is a crucial document in Danish property and security interest transactions, used when a lienholder needs to formally relinquish their security interest in a property. This typically occurs after full payment of a debt, completion of obligations, or as part of a property refinancing process. The document must comply with the Danish Registration of Property Act (Tinglysningsloven) and related regulations, requiring specific formatting and content for acceptance by the Danish Registration Court. The Lien Release Form includes detailed information about the original lien, property description, parties involved, and clear release language. It serves as official evidence that the property is free from the specified encumbrance, enabling property owners to proceed with subsequent transactions or registrations.
Suggested Sections

1. Identification of Parties: Full legal names and addresses of the Lienholder (Creditor) and Property Owner (Debtor)

2. Original Lien Information: Details of the original lien including registration number, date of creation, and amount of the original security interest

3. Property Description: Legal description of the property against which the lien was registered, including property registration number (matrikelnummer)

4. Release Declaration: Clear statement releasing the lien and relinquishing all rights and interests in the property

5. Consideration: Statement confirming whether the release is given in exchange for payment or other consideration

6. Effective Date: Date when the release becomes effective

7. Authorization: Statement confirming the authority of the signing party to execute the release

8. Signature Block: Space for signatures, dates, and witness attestation if required

Optional Sections

1. Partial Release Terms: Used when only a portion of the security interest is being released, specifying which parts remain encumbered

2. Multiple Lienholder Provisions: Required when multiple lienholders are involved, specifying the order of priority and consent requirements

3. Conditions Precedent: Any conditions that must be met before the release becomes effective

4. Representations and Warranties: Additional statements confirming the lienholder's authority and the validity of the release

5. Governing Law: While Danish law is implied, this section may be included for clarity, especially in cases involving international parties

Suggested Schedules

1. Property Details Schedule: Detailed legal description of the property, including maps or surveys if relevant

2. Original Lien Documentation: Copies of the original lien registration documents and any amendments

3. Payment Confirmation: If applicable, documentation confirming payment or satisfaction of the underlying debt

4. Authority Documentation: Powers of attorney or corporate resolutions demonstrating signing authority

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