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Release Of Lien Document

Release Of Lien Document Template for New Zealand

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Key Requirements PROMPT example:

Release Of Lien Document

"I need a Release of Lien Document for my construction company to release our lien on a commercial property at 123 Queen Street, Auckland, following full payment of NZD 250,000 received on March 15, 2025."

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Document background
A Release of Lien Document is essential in New Zealand business transactions where a party needs to formally relinquish their security interest in property. This document is commonly used when a debt or obligation has been satisfied, requiring the lien holder to release their claim. The document must comply with New Zealand legislation, including the Personal Property Securities Act 1999 and Property Law Act 2007. A Release of Lien Document typically includes detailed information about the original lien, property description, parties involved, and explicit release language. It's particularly important in construction projects, property sales, and financial transactions where liens need to be cleared to facilitate further dealings with the property.
Suggested Sections

1. Identification of Parties: Full legal names and addresses of the Lien Holder (Releasor) and the Property Owner (Releasee)

2. Property Description: Detailed description of the property that was subject to the lien, including legal description, street address, or specific identification of personal property

3. Original Lien Details: Information about the original lien including date of recording, amount, and registration details

4. Consideration Statement: Statement of the consideration received for releasing the lien

5. Release Declaration: Clear statement releasing and discharging the lien and property from all claims

6. Execution Block: Signature blocks for the lien holder, including space for witness or notary acknowledgment

Optional Sections

1. Partial Release Terms: Used when only a portion of the original lien is being released, specifying which part remains in effect

2. Conditional Release Terms: Used when the release is subject to specific conditions being met

3. Representations and Warranties: Additional statements confirming the lien holder's authority to release and that no assignment of the lien has occurred

4. Governing Law: Specific reference to New Zealand law and jurisdiction, particularly important for international parties

5. Further Assurances: Commitment to execute additional documents if needed to perfect the release

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property if too lengthy for main document

2. Schedule B - Original Lien Documentation: Copies or details of the original lien documentation and registration

3. Schedule C - Payment Details: If applicable, breakdown of payments or consideration given for the release

4. Appendix 1 - Supporting Documents: Any additional documentation evidencing authority to release or supporting the release

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

Construction

Real Estate

Banking and Finance

Manufacturing

Infrastructure

Property Development

Legal Services

Industrial

Shipping and Maritime

Agriculture

Relevant Teams

Legal

Property Management

Construction

Finance

Operations

Compliance

Risk Management

Real Estate

Credit Administration

Corporate Services

Relevant Roles

Legal Counsel

Property Manager

Construction Project Manager

Contract Administrator

Real Estate Agent

Finance Manager

Credit Manager

Title Officer

Risk Manager

Corporate Secretary

Compliance Officer

Operations Manager

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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