The Satisfaction of Lien Form serves as official documentation that a previously registered lien has been fully satisfied through payment or other agreed terms. This document is essential in England and Wales when clearing property titles and updating Land Registry records. It contains specific details about the original lien, the property involved, and a formal declaration of satisfaction. The form must be properly executed to be valid and is typically required for future property transactions or refinancing arrangements.
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1. Property Details: Full legal description of the property subject to the lien including address, title number, and registered ownership details
2. Lien Details: Description of the original lien, including date of creation, amount, registration details, and original parties involved
3. Satisfaction Statement: Formal declaration that the lien has been satisfied in full, including date of satisfaction and payment details
4. Execution Block: Signature blocks for lienor and lienee, including witness provisions and date of execution
1. Partial Satisfaction Statement: Used when only part of the lien is being satisfied, specifying the amount satisfied and remaining balance
2. Subordination Agreement Reference: Reference to any subordination agreements affecting the lien, including dates and parties involved
3. Additional Declarations: Any additional statements or declarations required for specific circumstances or jurisdictional requirements
1. Schedule A - Original Lien Documentation: Copies of the original lien registration documents and related correspondence
2. Schedule B - Payment Evidence: Documentation evidencing the satisfaction of the lien, including payment receipts or settlement agreements
3. Schedule C - Land Registry Forms: Relevant Land Registry forms required for removing the charge from the property title
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