Document background
The Statement of Lien Satisfaction (Löschungsbewilligung) is a crucial document in German property and security interest law, required whenever a registered lien or mortgage needs to be removed from the land register (Grundbuch) following the satisfaction of the underlying debt. This document is typically needed after full repayment of a mortgage, satisfaction of a land charge (Grundschuld), or release of other registered security interests in real property. It must contain specific information required by German law, including precise identification of the property, the security interest being released, and clear authorization for removal from the register. The document is submitted to the land registry office (Grundbuchamt) and forms the legal basis for updating the public record to reflect the discharge of the encumbrance.
