A lis pendens is an official notice to the public that a lawsuit involving a claim on a property has been filed. A release of lis pendens is a bond covering the cost of the lis of pendens to release the property back to the defendant.A lis pendens is a notice that a lawsuit has been filed regarding either a dispute in ownership of real estate or some other claim of interest in the property. Lis pendens is a formal notice that there is a pending action, or lawsuit, that could affect the title of the property. 'Lis Pendens' is a Latin term that translates to "pending litigation. California law requires those who engage in litigation involving real estate to record and file a lis pendens, which is a notice of pending litigation. Definition. Lis pendens is Latin for "suit pending. For defendants, a Release of Lis Pendens Bond guarantees cost coverage of the Lis Pendens to release the property back to the defendant selling a property. Because nobody wants to buy real estate if its ownership is in dispute, a lis pendens notice effectively ties up the property until the case is resolved. Notice lis pendens; recording; copy as evidence.