Document background
The Lien Release Letter is a crucial document in Irish secured transactions and property matters, used when a security interest or lien needs to be formally discharged. This document becomes necessary when a loan or other obligation secured by property has been fully satisfied, when refinancing requires the release of existing security, or when partial release of security is needed for specific assets. The letter must conform to Irish legal requirements, particularly under the Land and Conveyancing Law Reform Act 2009 and related legislation. It typically includes specific details about the original security, the property being released, and clear release language. The Lien Release Letter may need to be registered with relevant authorities such as the Land Registry or Companies Registration Office, depending on how the original security was registered.
