Miami-Dade Florida Absolute Release With Covenants is a legal document that serves to release and discharge any claims or encumbrances on a property located within Miami-Dade County, Florida. This release is granted by the party who holds the right or interest in the property and is usually recorded in the county's public records for transparency and clarity. This type of release is often used in real estate transactions, where a property owner, lien holder, or mortgage lender wishes to relinquish any rights, interests, liens, or claims that they may have on the property. It acts as a formal acknowledgment that all obligations, debts, or contractual agreements associated with the property have been fulfilled or satisfied. The Miami-Dade Florida Absolute Release With Covenants provides a definitive statement that the property is released from any past, present, or future claims, encumbrances, or restrictions. It ensures that the property can be transferred or sold without any legal hindrance, allowing the new owner to assume full ownership rights. Different types of Miami-Dade Florida Absolute Release With Covenants may include: 1. Mortgage Release: This type of release is commonly used when a mortgage loan is fully repaid. The mortgage lender acknowledges that the debt has been satisfied and relinquishes any claim or lien on the property. 2. Lien Release: When a property has a voluntary or involuntary lien attached to it, such as a mechanic's lien or tax lien, a lien release is used to remove or release the encumbrance. This release confirms that the lien holder no longer has any legal right to the property. 3. Deed of Re conveyance: If a property was pledged as collateral for a loan, such as a home equity loan or second mortgage, a deed of reconveyance is issued to remove the lien holder's interest in the property after repayment of the loan. 4. Release of Judgment: In cases where a court judgment has been placed on the property due to a legal dispute or unpaid judgment, a release of judgment is utilized to clear the title and remove the judgment from the property. The Miami-Dade Florida Absolute Release With Covenants ensures transparency and legal clarity in real estate transactions, giving peace of mind to all parties involved. It is vital to consult with a legal professional or experienced real estate agent to accurately prepare and execute this document to safeguard property rights.
Para su conveniencia, debajo del texto en espaƱol le brindamos la versiĆ³n completa de este formulario en inglĆ©s. For your convenience, the complete English version of this form is attached below the Spanish version.