Final Lien Release Form Template for Germany

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Key Requirements PROMPT example:

Final Lien Release Form

"I need a Final Lien Release Form under German law for a commercial property in Berlin where the original mortgage has been fully paid off; the property is owned by a GmbH and the lienor is Deutsche Bank."

Document background

The Final Lien Release Form is a crucial document in German property transactions and financing arrangements. It is typically used when a loan or other secured obligation has been fully satisfied, requiring the removal of the associated security interest from the property's title. This document must strictly comply with German Civil Code (BGB) requirements and the German Land Registration Act (Grundbuchordnung). The form includes specific details about the property, parties involved, and the lien being released, along with formal authorization for the land registry office (Grundbuchamt) to remove the encumbrance. It is essential for clearing property titles and often required in property sales, refinancing, or when loans are paid off. The document must be notarized and meet all formal requirements for acceptance by the German land registry.

Suggested Sections

1. Date and Place: Date and location of execution of the lien release

2. Parties: Identification of Lienor (creditor) and Property Owner (debtor), including full legal names, addresses, and registration details if applicable

3. Property Description: Detailed legal description of the property as registered in the German land register (Grundbuch), including property identifier number

4. Lien Details: Description of the original lien, including registration date, amount, and land register entry details

5. Release Declaration: Formal declaration of complete and unconditional release of the lien

6. Authorization: Express authorization for the removal of the lien from the land register

7. Governing Law: Statement confirming German law as governing law

8. Execution: Signature blocks for all parties and notary certification section

Optional Sections

1. Consideration: Section detailing any payment or consideration for the release, used when the release is part of a settlement or payment agreement

2. Multiple Properties: Additional section for cases where the lien covers multiple properties, detailing each property separately

3. Representative Authority: Section confirming the authority of signatories when corporate entities are involved

4. Prior Agreements: Reference to any preliminary lien release agreements or conditions, used when the final release follows a conditional or preliminary release

5. Surviving Obligations: Section specifying any obligations that survive the lien release, if applicable

Suggested Schedules

1. Land Register Extract: Current extract from the German land register showing the registered lien

2. Original Lien Documentation: Copies of the original lien registration documents

3. Property Plans: Official property plans or cadastral excerpts, if required for property identification

4. Power of Attorney: If applicable, documentation proving authority to execute the release

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Lienor
Property Owner
Property
Lien
Land Register
Land Registry Office
Release Date
Original Security Agreement
Registration Number
Authorized Representative
Notarial Deed
Land Register Extract
Property Identifier
Release Authorization
Registration Fee

Clauses

Party Identification
Property Description
Lien Description
Release Declaration
Land Register Authorization
Notarization Requirements
Representations and Warranties
Governing Law
Execution Requirements
Registration Procedure
Costs and Fees
Further Assurance
Successor Rights
Authority to Execute
Severability

Relevant Industries

Real Estate

Construction

Banking & Finance

Property Development

Legal Services

Mortgage Lending

Infrastructure Development

Commercial Property Management

Residential Property Management

Relevant Teams

Legal

Real Estate

Property Management

Finance

Credit Administration

Mortgage Operations

Transaction Management

Title Administration

Document Management

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Mortgage Officer

Legal Counsel

Notary Public

Land Registry Officer

Real Estate Transaction Manager

Construction Project Manager

Credit Manager

Property Developer

Real Estate Finance Manager

Title Officer

Loan Officer

Real Estate Administrator

Find the exact document you need

Partial Release And Waiver Of Lien

A German law document that partially releases a lien right while maintaining the remainder, requiring formal execution and often notarization under German law.

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Authors

Alex Denne

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