The Release of Lis Pendens form is a legal document used to officially cancel a previously filed Lis Pendens in Arizona. This document acknowledges the receipt of valuable consideration and requests the Clerk or Recorder's office to enter satisfaction and cancel the record of the Lis Pendens. Key features of this form include the requirement to provide specific details such as the location, book, and page where the original Lis Pendens was recorded. Filling out this form involves entering the relevant city, county, and date before signing and possibly obtaining acknowledgment. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate, as it helps ensure that all parties are aware of the removal of legal claims against a property. Use cases include situations where disputes have been resolved or transactions are completed, allowing for clear title transfer. By using this form, legal professionals help their clients navigate property ownership issues effectively.