The Release Lis Pendens form serves to formally terminate a recorded Lis Pendens in Virginia. It requires clear acknowledgment of consideration received and instructs the clerk or recorder's office to enter satisfaction and cancel the relevant Lis Pendens record. The form must include specific details such as the clerk's office location, relevant book and page numbers, and the date of release. Intended for use by attorneys, partners, owners, associates, paralegals, and legal assistants, this form is crucial in ensuring that disputes affecting property titles are resolved. Users can benefit from streamlined property transactions, as the release removes any cloud on the title caused by the Lis Pendens. Proper filling and editing involve providing accurate information about the original Lis Pendens and ensuring the document is signed and acknowledged correctly. By using this form, legal professionals can facilitate clarity in property ownership and mitigate potential legal complications for their clients.