Washington Release of Lien

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-542
• Format: Word; Rich Text

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. A Washington Release of Lien is a legal document that serves as proof that a lien holder, typically a lender or a contractor, releases their claim on a property. When a lien is filed against a property, it signifies that there is an outstanding debt or obligation that needs to be settled before the property can be sold or transferred to another party. The release of lien removes this encumbrance, allowing for a clean title transfer. In Washington, there are a few different types of releases of liens: 1. Conditional Release of Lien: This type of release is commonly used in construction projects. It states that the lien holder will release their claim on the property upon the satisfaction of certain conditions. For example, a contractor may provide a conditional release of lien upon receiving full payment for their services. 2. Unconditional Release of Lien: An unconditional release of lien is a final and absolute release without any conditions attached. This type of release indicates that the lien holder has been fully paid or has otherwise resolved the underlying debt, and they no longer have any claim or interest in the property. 3. Partial Release of Lien: In situations where a property has multiple liens, a partial release of lien may be issued. This type of release removes the lien holder's claim on a specific portion of the property, allowing for the sale or transfer of that portion, while the remaining lien remains in place. Washington Release of Lien documents should include essential information such as: — Identification of the parties involved, including the lien holder and the property owner. — Detailed description of the property subject to the lien. — Amount of the lien being released or satisfied. — Statement confirminthenesoldererer's intent to release their claim on the property. — SignaturAtheneesoldererer and a notary public to validate the document. It is crucial to note that each county in Washington may have specific requirements or forms for the release of lien. Therefore, it is advisable to consult local laws and regulations or seek legal assistance to ensure compliance with the specific county's requirements.

A Washington Release of Lien is a legal document that serves as proof that a lien holder, typically a lender or a contractor, releases their claim on a property. When a lien is filed against a property, it signifies that there is an outstanding debt or obligation that needs to be settled before the property can be sold or transferred to another party. The release of lien removes this encumbrance, allowing for a clean title transfer. In Washington, there are a few different types of releases of liens: 1. Conditional Release of Lien: This type of release is commonly used in construction projects. It states that the lien holder will release their claim on the property upon the satisfaction of certain conditions. For example, a contractor may provide a conditional release of lien upon receiving full payment for their services. 2. Unconditional Release of Lien: An unconditional release of lien is a final and absolute release without any conditions attached. This type of release indicates that the lien holder has been fully paid or has otherwise resolved the underlying debt, and they no longer have any claim or interest in the property. 3. Partial Release of Lien: In situations where a property has multiple liens, a partial release of lien may be issued. This type of release removes the lien holder's claim on a specific portion of the property, allowing for the sale or transfer of that portion, while the remaining lien remains in place. Washington Release of Lien documents should include essential information such as: — Identification of the parties involved, including the lien holder and the property owner. — Detailed description of the property subject to the lien. — Amount of the lien being released or satisfied. — Statement confirminthenesoldererer's intent to release their claim on the property. — SignaturAtheneesoldererer and a notary public to validate the document. It is crucial to note that each county in Washington may have specific requirements or forms for the release of lien. Therefore, it is advisable to consult local laws and regulations or seek legal assistance to ensure compliance with the specific county's requirements.