The Unconditional Lien Release Form is a crucial document in Danish property transactions and security interest management. It is used when a lien holder wishes to formally relinquish all rights and claims to a property, typically following the full satisfaction of the underlying debt or obligation. The document must comply with Danish property law, particularly the Tinglysningsloven, and requires registration with the Danish land registry. This form is essential for clearing title records and enabling property owners to prove their property is free from specific encumbrances. The document includes detailed information about the parties involved, property description, original lien details, and explicit release language that meets Danish legal requirements for property registration and security interest discharge.
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Key Requirements PROMPT example:
Unconditional Lien Release Form
I need an Unconditional Lien Release Form under Danish law for a commercial property in Copenhagen where the mortgage has been fully paid off, with the release to be effective immediately upon signing.
1. Identification of Parties: Details of the lien holder (creditor) and the property owner (debtor), including full legal names, addresses, and any registration numbers
2. Property Description: Detailed description of the property including address, land registry number (matrikelnummer), and any other relevant property identifiers
3. Original Lien Information: Details of the original lien being released, including registration date, amount, and registration number in the Danish land registry
4. Release Statement: Clear and unconditional statement releasing all rights and interests in the property, confirming the lien is fully satisfied and discharged
5. Authorization: Statement confirming the authority of the person executing the release on behalf of the lien holder
6. Execution: Date and signature blocks for all required parties, including any witness requirements
1. Partial Release Provisions: Used when only a portion of the property or security interest is being released while maintaining the lien on other portions
2. Consideration Statement: Include when there is a specific payment or consideration being made in exchange for the release
3. Multiple Property Release: Used when the release applies to multiple properties under the same lien
4. Representations and Warranties: Additional statements confirming the lien holder's authority and the validity of the release
1. Property Description Schedule: Detailed technical description of the property, including maps or surveys if required
2. Original Lien Documentation: Copies or references to the original lien documentation being released
3. Authorization Documentation: Any power of attorney or corporate resolutions authorizing the release
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