Document background
The Lien Release Letter is a crucial document in Dutch secured financing and property transactions, used when a borrower has satisfied their obligations under a loan or when a partial release of security is required. It serves as formal evidence that the lienholder relinquishes their security rights over specific property or assets. Under Dutch law, the release must be properly documented and registered to ensure legal effectiveness. The document must comply with the Dutch Civil Code (Burgerlijk Wetboek) and registration requirements of the Kadaster (Land Registry) when real property is involved. The Lien Release Letter typically includes detailed identification of the original security right, the property being released, and clear release language that terminates the security interest. It's essential for clearing title records and enabling further transactions involving the released property.
