Partial Release Of Lien Form Template for Malaysia

The Partial Release Of Lien Form is a crucial document in Malaysian construction and property development projects where partial payments have been made or where portions of a property need to be released from an existing lien. This document is typically used when a contractor, subcontractor, or supplier has received partial payment for their work or materials and agrees to proportionally reduce their lien claim. The form must comply with Malaysian legal requirements, including those set forth in the National Land Code 1965 and the Construction Industry Payment and Adjudication Act 2012. It contains specific information about the original lien, the extent of the release, property details, and the remaining lien amount. This document is particularly important in large-scale construction projects where progressive payments and releases are common, helping to facilitate ongoing property transactions while protecting the rights of all parties involved.

1. Document Title and Date: Clear identification of the document as a Partial Release of Lien with the execution date

2. Party Details: Full legal names and addresses of the Lienor (party releasing the lien) and Property Owner

3. Property Description: Legal description of the property subject to the lien, including lot number, title details, and physical address

4. Original Lien Information: Details of the original lien including date filed, amount, and registration particulars

5. Release Statement: Clear statement of the partial release, specifying the extent of release and remaining lien amount

6. Consideration: Statement of the payment or consideration received for the partial release

7. Execution Block: Signature blocks for the Lienor, including witness requirements and company seal if applicable