King Washington Release of Lien for Real Estate

• Category: Liens - Releases and Waivers
• State: Multi-State
• County: King
• Control #: US-01775-AZ-7
• 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 under the terms of a contract mentioned in the document. A King Washington Release of Lien for Real Estate is a legal document that releases and removes the lien placed on a property in the state of Washington. Liens can be placed on a property when there is outstanding debt or a legal claim against the property owner. This document signifies that the debt or claim has been satisfied, allowing the property to be sold or transferred without any encumbrances. In Washington state, there are a few different types of King Washington Release of Lien for Real Estate, each serving a specific purpose: 1. Full Release of Lien: This is the most common type of release and is used when the lien has been fully paid off or resolved. It completely removes the lien from the property and provides a clear title for the owner. 2. Partial Release of Lien: Sometimes, only a portion of the debt or claim has been satisfied. In such cases, a partial release of lien is issued, releasing the portion that has been resolved while keeping the remainder intact. 3. Conditional Release of Lien: This type of release is often used when there is a pending settlement or agreement between the parties involved in the lien. It sets conditions that need to be met for the lien to be fully released, such as payment terms or specific actions required by the debtor. 4. Final Judgment Lien Release: When a lien arises from a judgment, such as a court-ordered payment, a final judgment lien release is used to release the lien after the judgment has been satisfied. 5. Mechanic's Lien Release: A mechanic's lien is placed on a property to secure payment for labor or materials provided during construction or repair work. Once the debt is paid, a mechanic's lien release is issued, releasing the property from the claim. It is important to note that the specific requirements and procedures for filing a King Washington Release of Lien for Real Estate may vary depending on the county or jurisdiction within Washington state. Property owners should consult with a qualified real estate attorney or title company to ensure compliance with relevant laws and regulations.

A King Washington Release of Lien for Real Estate is a legal document that releases and removes the lien placed on a property in the state of Washington. Liens can be placed on a property when there is outstanding debt or a legal claim against the property owner. This document signifies that the debt or claim has been satisfied, allowing the property to be sold or transferred without any encumbrances. In Washington state, there are a few different types of King Washington Release of Lien for Real Estate, each serving a specific purpose: 1. Full Release of Lien: This is the most common type of release and is used when the lien has been fully paid off or resolved. It completely removes the lien from the property and provides a clear title for the owner. 2. Partial Release of Lien: Sometimes, only a portion of the debt or claim has been satisfied. In such cases, a partial release of lien is issued, releasing the portion that has been resolved while keeping the remainder intact. 3. Conditional Release of Lien: This type of release is often used when there is a pending settlement or agreement between the parties involved in the lien. It sets conditions that need to be met for the lien to be fully released, such as payment terms or specific actions required by the debtor. 4. Final Judgment Lien Release: When a lien arises from a judgment, such as a court-ordered payment, a final judgment lien release is used to release the lien after the judgment has been satisfied. 5. Mechanic's Lien Release: A mechanic's lien is placed on a property to secure payment for labor or materials provided during construction or repair work. Once the debt is paid, a mechanic's lien release is issued, releasing the property from the claim. It is important to note that the specific requirements and procedures for filing a King Washington Release of Lien for Real Estate may vary depending on the county or jurisdiction within Washington state. Property owners should consult with a qualified real estate attorney or title company to ensure compliance with relevant laws and regulations.