Partial Release Of Lien Form Template for Germany

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Key Requirements PROMPT example:

Partial Release Of Lien Form

"I need a Partial Release of Lien Form for a construction project in Berlin where we're releasing 40% of a €2.5M lien following completion of Phase 1 works by ABC Construction GmbH, to be effective March 15, 2025."

Document background

The Partial Release of Lien Form is a crucial document in German property transactions where a partial discharge of a lien is required while maintaining security over the remaining property or amount. This document type is commonly used in development projects, property subdivisions, or partial loan repayments where releasing the entire lien would be inappropriate. The form must comply with German legal requirements, including specific provisions of the German Civil Code (BGB) and land registration laws. It requires precise documentation of the released portion, remaining security, and often needs notarization. The Partial Release of Lien Form serves as official evidence of the partial discharge and must be registered in the German land register (Grundbuch) to be legally effective.

Suggested Sections

1. Identification of Parties: Names, addresses, and roles of all parties including lienholder, property owner, and any other relevant parties

2. Original Lien Details: Reference to the original lien document, including registration details, date, and amount

3. Property Description: Legal description of the entire property subject to the original lien

4. Release Portion Details: Specific description of the portion of property or amount being released from the lien

5. Remaining Lien: Clear statement of the remaining lien amount and/or property still subject to the lien

6. Declarations: Formal statements confirming the partial release and its effect

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

Optional Sections

1. Consideration: Details of any payment or consideration given for the partial release, used when the release is part of a financial transaction

2. Conditions Precedent: Any conditions that must be met before the partial release becomes effective

3. Construction Project Details: Specific details about the construction project, required when releasing construction liens

4. Related Agreements: References to related agreements affecting the partial release, used when part of a larger transaction

5. Representations and Warranties: Additional statements by the parties regarding their authority and the validity of the release, used in complex transactions

Suggested Schedules

1. Schedule A - Property Survey: Detailed survey or plot plan showing the portion of property being released

2. Schedule B - Calculation of Released Amount: Detailed calculation showing the amount being released and remaining lien amount

3. Schedule C - Original Lien Documentation: Copies of original lien registration and related documents

4. Schedule D - Land Register Extract: Current extract from the German Land Register (Grundbuchauszug) showing the registered lien

5. Schedule E - Authorization Documents: Powers of attorney or corporate resolutions authorizing the release, if applicable

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

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Real Estate

Construction

Banking and Finance

Property Development

Infrastructure

Commercial Property

Residential Property

Industrial Property

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Legal

Real Estate

Property Management

Construction Management

Finance

Compliance

Risk Management

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Relevant Roles

Real Estate Attorney

Property Manager

Construction Project Manager

Bank Manager

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Real Estate Developer

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Mortgage Officer

Property Development Director

Real Estate Transaction Manager

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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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Let's create your Partial Release Of Lien Form

Authors

Alex Denne

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