District of Columbia Release of Lien

State:
Multi-State
Control #:
US-01775-AZ
Format:
Word; 
Rich Text
Instant download

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contract mentioned in the document. A District of Columbia Release of Lien refers to a legal document that releases a previously filed lien on a property in the District of Columbia. This document is crucial for property owners, contractors, and other parties involved in real estate transactions as it provides evidence that a lien on a property has been satisfied or removed. There are two main types of District of Columbia Release of Lien: 1. Voluntary Release of Lien: This type of release of lien is typically initiated by the party who filed the lien, such as a contractor or supplier. Once the lien holder receives full payment for the services or materials provided, they voluntarily release the lien by filing the necessary documents with the relevant District of Columbia government agency. The voluntary release of lien serves to protect the property owner's rights and ensures that the property can be sold or refinanced without any encumbrances. 2. Court-Ordered Release of Lien: In some cases, a lien holder may refuse to release a lien even after receiving payment or resolving the underlying dispute. In such situations, a property owner may pursue legal action by filing a lawsuit and seeking a court-ordered release of lien. A court-ordered release of lien is a legally binding document issued by a judge that compels the lien holder to release the lien. This type of release of lien is usually the result of a successful lawsuit or settlement between the parties involved and ensures that the property owner's rights are protected. Relevant keywords for District of Columbia Release of Lien may include: — DistricColumbiabi— - Lien release - Property lien — Voluntary release of lie— - Court-ordered release of lien — Real estate transaction— - Property encumbrances — Lienholder - Property owner's right— - Contractor or supplier — Lawsuit - Settlemen— - Government agency

A District of Columbia Release of Lien refers to a legal document that releases a previously filed lien on a property in the District of Columbia. This document is crucial for property owners, contractors, and other parties involved in real estate transactions as it provides evidence that a lien on a property has been satisfied or removed. There are two main types of District of Columbia Release of Lien: 1. Voluntary Release of Lien: This type of release of lien is typically initiated by the party who filed the lien, such as a contractor or supplier. Once the lien holder receives full payment for the services or materials provided, they voluntarily release the lien by filing the necessary documents with the relevant District of Columbia government agency. The voluntary release of lien serves to protect the property owner's rights and ensures that the property can be sold or refinanced without any encumbrances. 2. Court-Ordered Release of Lien: In some cases, a lien holder may refuse to release a lien even after receiving payment or resolving the underlying dispute. In such situations, a property owner may pursue legal action by filing a lawsuit and seeking a court-ordered release of lien. A court-ordered release of lien is a legally binding document issued by a judge that compels the lien holder to release the lien. This type of release of lien is usually the result of a successful lawsuit or settlement between the parties involved and ensures that the property owner's rights are protected. Relevant keywords for District of Columbia Release of Lien may include: — DistricColumbiabi— - Lien release - Property lien — Voluntary release of lie— - Court-ordered release of lien — Real estate transaction— - Property encumbrances — Lienholder - Property owner's right— - Contractor or supplier — Lawsuit - Settlemen— - Government agency

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District of Columbia Release of Lien