Document background
A Lien Demand Letter is a crucial legal document used in Singapore when a party wishes to formally assert their right to hold property as security for an outstanding debt. This document is typically employed when informal attempts to secure payment have failed. The letter must conform to Singapore's strict legal requirements and should clearly state the basis for the lien, the amount owed, and the deadline for payment. The Lien Demand Letter serves as both a formal demand for payment and a prerequisite to potential legal action, making it an essential tool in debt recovery and security enforcement under Singapore law.
