"Partial Release of Lien Form"

What Is a Partial Release of Lien?

A Partial Release of Lien is a written statement prepared by the lienholder to confirm the lien amount is reduced and they agree to claim only a part of the lien. A Partial Release of Lien template can be downloaded via the link below.

Alternate Name:

Partial Release of Lien Form.

In case the owner of the property can only pay a limited sum of money for the items burdened by the lien, they can negotiate with the lienholder and adjust the amount of lien if the significant payment is made. For instance, the lienholder might file a mechanics lien with the local authorities and claim the owner owes them $50,000 for the repairs made. The debtor then asks for the Partial Release of Lien paying the lienholder $10,000 after which the lienholder submits the copy of the release to the county clerk to show the balance owed has dropped to $40,000.

How to Get a Lien Release?

Follow these steps to release your property from the lien:

Reach out to the lienholder to request the release. You may enter the negotiations with them and discuss what to put in the text of the release.
Correctly specify the property to be released from the lien. For instance, a Partial Release of Judgment Lien should contain a legal description of the property and all man-made objects that cannot be removed without harming the land if the lienholder is willing to include them in the release.
Record the details of the payment - the property owner must promise to pay a certain sum of money. Do not forget to indicate the method of payment suitable for both parties.
Certify the owner of the vehicle or real estate understands the Conditional Partial Release of Lien depends on them providing the required amount of money to the lienholder. Once the payment is made, the lienholder must partially release the property and sign the document confirming they will not file another claim on the portion of the property now free from liens and encumbrances.
In case the property owner owed not only the contractor but third parties hired to work on their items or real estate, it is necessary to issue a check for multiple parties to make sure they get their payment on time.
Bring the document to the notary public to obtain the acknowledgment of the release. The parties must not sign the papers before they show up for notarization.
Submit the signed Partial Release of Lien Form to the local country clerk or county recorder.

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Partial Release of Lien

_________________________________

Date

Contractor

_______________________________________________________________________

Project

_______________________________________________________________________

Project Location

_____________________ does hereby certify that they are the _____________________

of _____________________________ hereinafter referred to as the “Company.”

Name of Supplier or Subcontractor

The

Company

has

heretofore

supplied

materials

and/or

services

the

_____________________ being constructed at _________________________________

______________ for _____________________ (hereinafter referred to as the “Owner”)

at an agreed price of $_____________________.

They do further certify that the Company has received $_____________________ on

account of agreed price and that the sum of $_____________________ remains owing to

the Company by _____________________ (hereinafter referred to as the “Contractor”).

They do further certify that the Contractor has made suitable arrangements for payment

to the Company of all sums remaining due to the Company by virtue of said delivery of

materials and performance of services in connection with the aforesaid project; does

hereby waive any and all rights which the Company may now or in the future have to file

any lien or liens pursuant to the Lien Law of the State of _____________________

against the aforesaid project, its Owners, or the Contractor , as an inducement to the

Owner to pay all sums due the Contractor for the Owner pursuant to the contract between

the Contractor and the Owner, without any obligation on the part of the Owner to see that

sums due to the Company from the Contractor are paid.

_________________________________

Name of Company Representative

Title of Company Representative

_________________________________

Signature of Company Representative

Date

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