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Partial Release Of Lien Form
"I need a Partial Release of Lien Form for a residential construction project in Cape Town, where we're releasing 60% of the original lien amount following completion of Phase 2 scheduled for March 2025, with specific conditions for the remaining payment structure."
1. Project Identification: Details of the construction project including address, legal description, and project name
2. Lien Claimant Information: Full legal name and details of the party who holds the lien
3. Property Owner Information: Full legal name and contact information of the property owner
4. Original Lien Details: Information about the original lien including date filed, amount, and recording details
5. Partial Release Statement: Clear statement of the portion of the lien being released, including the amount
6. Remaining Lien Amount: Statement of the remaining lien amount after the partial release
7. Consideration: Statement of the payment or other consideration received for this partial release
8. Execution Block: Signature requirements, including notarization block
1. Conditional Release Provisions: Used when the release is conditional upon receipt of payment or other conditions
2. Multiple Property Release Details: Required when the original lien covers multiple properties and only some are being released
3. Warranties and Representations: Additional warranties about the work completed or payments received
4. Contractor's Certificate: Additional certification of work completion when required by local regulations
5. Progressive Payment Details: Used when the release is part of a series of progressive payments
1. Schedule A - Property Description: Detailed legal description of the property or properties involved
2. Schedule B - Payment Details: Breakdown of payments received and remaining amounts
3. Schedule C - Original Lien Documentation: Copy or details of the original lien filing
4. Appendix 1 - Progress Certificate: If required, certification of work completion related to this partial release
Authors
Construction
Real Estate
Property Development
Infrastructure
Commercial Property
Residential Property
Industrial Construction
Architecture and Design
Engineering
Financial Services
Legal
Construction Management
Project Management
Contract Administration
Finance
Risk Management
Compliance
Property Management
Operations
Document Control
Construction Manager
Project Manager
Legal Counsel
Contract Administrator
Property Developer
Site Manager
Quantity Surveyor
Financial Manager
Real Estate Manager
Compliance Officer
Risk Manager
Construction Director
Claims Manager
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