The Release of Lis Pendens is a formal document used to cancel a previously filed lis pendens, which is a notice of pending legal action regarding a property. This specific form is particularly relevant for Montgomery County in Cook County, Illinois. It caters to multiple users, including attorneys, partners, owners, associates, paralegals, and legal assistants, signaling the resolution of a dispute related to real estate. Key features of the form include the acknowledgment of valuable consideration and the request to the local Clerk or Recorder's office to officially cancel the lis pendens from the records. When filling out the form, users need to provide accurate details such as the specific city, county, and the book and page numbers where the original notice was recorded. Editing the form requires careful attention to ensure that all pertinent information is clear and correctly entered. This form is particularly useful in situations where a legal issue affecting property ownership has been resolved, allowing for the property title to be cleared. Properly completed, it serves as a vital document to uphold legal propriety in property transactions.