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Release Of Lien And Affidavit
"I need a Release of Lien and Affidavit to release a construction lien on my commercial property at 123 Orchard Road, following full payment of SGD 250,000 to the contractor on January 15, 2025, and I need this document to comply with Singapore's SOPA requirements."
1. Identification of Parties: Details of the lien holder and the property owner/debtor
2. Property Description: Legal description of the property subject to the lien
3. Lien Details: Description of the original lien, including amount and date filed
4. Release Statement: Formal statement releasing the lien
5. Consideration: Statement of payment or other consideration received
6. Affidavit Declaration: Sworn statement attesting to the truth of the release
1. Partial Release Clause: Used when only part of the lien is being released. Include when releasing only a portion of the total lien amount
2. Conditional Release Provisions: Specifies conditions that must be met for the release to take effect. Include when release is contingent on specific conditions being met
3. Indemnification Clause: Protects parties from future claims related to the released lien. Include when additional protection against future claims is desired
1. Original Lien Documentation: Copies of the original lien filing documents
2. Property Title Documents: Relevant property ownership documentation
3. Payment Evidence: Proof of payment or consideration for the release
4. Authorization Documents: Evidence of authority to execute the release (if applicable)
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