Release of Lis Pendens: This release affects a previous pending suit involving real property. The release places the public on notice that there are not longer any suits, to which the property in question is subject. This form is offered in both Word and Rich Text formats.
The Phoenix Arizona Release of Les Pendent, also known as a Phoenix Release of Li's Pendent or simply a Release of Li's Pendent, is a legal document used in real estate transactions. It is mainly employed to remove a notice of pending litigation or legal action related to a property from the public record. A "Les Pendent" is a Latin term meaning "a suit pending" or "a pending lawsuit." When a legal claim or lawsuit is filed against a property, a notice called a Li's Pendent is recorded in the county records to notify potential buyers or interested parties about the ongoing litigation. This notice serves as a warning that the property's title may be affected by the outcome of the lawsuit. However, once the dispute is resolved, the claimant or their representative can file a Phoenix Arizona Release of Les Pendent to officially remove the Li's Pendent from the public record. This release acts as a declaration that the lawsuit or legal action has been resolved, canceled, withdrawn, or dismissed, and that the property's title is no longer encumbered by the pending litigation. The Phoenix Arizona Release of Les Pendent typically includes relevant information such as the names of the parties involved in the lawsuit, a description of the property, the case number or reference, and the date of resolution. It is usually signed by the claimant or their attorney and must be notarized for authentication purposes. While there may not be different types of Phoenix Arizona Release of Les Pendent, they may vary depending on the specific circumstances of the lawsuit and the resolution. For instance, a release could be issued if the claimant decides to withdraw their legal action voluntarily, if the claim is settled out of court, if the court dismisses the case, or if the claimant fails to pursue the lawsuit within a specified timeframe. In conclusion, the Phoenix Arizona Release of Les Pendent is a crucial legal document used to eliminate the notice of pending litigation or legal action from the public record. By filing this release, the parties involved in the dispute can assure potential buyers or interested parties that the property's title is no longer at risk due to the resolved or dismissed lawsuit.
