Get the free Vendor’s Lien Release

This document serves as a legal release of a vendor's lien, upon the full payment of a related note. It involves parties of the first and second parts and includes notary certification.

How to fill out vendors lien release

How to fill out Vendor’s Lien Release

1. Begin by obtaining the Vendor's Lien Release form from your local county clerk's office or online.
2. Fill in the name and address of the lienholder (the vendor) in the appropriate section of the form.
3. Provide the name and address of the property owner who is releasing the lien.
4. Include a description of the property associated with the lien, such as the address and legal description.
5. State the date the original lien was recorded in the appropriate section.
6. Sign and date the form in the presence of a notary public to ensure authenticity.
7. Submit the completed and notarized form to the county recorder's office where the original lien was filed to officially release it.

Who needs Vendor’s Lien Release?

1. Property sellers who have previously placed a lien on their property.
2. Buyers who may need proof that a vendor's lien has been removed before purchasing a property.
3. Real estate professionals involved in transactions requiring a clear title.

People Also Ask about

What is the process called release of the lien?

In comparison, a lien release (also known as release of lien, cancellation of lien, or a lien cancellation) would come into play after the filing of a lien. The subcontractor would utilize a lien release, resulting in the cancellation of any lien claims, after he or she receives payment.

How to get lien amount released?

Clear Outstanding Dues – If the lien is due to unpaid EMIs, credit card dues, or overdraft issues, settle the pending amount. Submit Required Documents – If the lien is for tax or legal reasons, provide the necessary clearance certificates.

What is the purpose of a vendor's lien in Texas?

The lien that is reserved by the Seller is known as a “Vendor's Lien.” A Warranty Deed with Vendor's Lien transfers title to the real estate property but the property is subjected to a lien for the unpaid purchase price. Again, it is part of a seller finance package of documents.

Who signs a release of lien in Texas?

The document is usually called a Release of Lien, Lien Release, or a Deed of Reconveyance. It can be prepared by the owner or the Lien Claimant, but it must be signed by the Lien Claimant in front of a notary public and filed in the property records in the county where the property is located.

For pdfFiller’s FAQs

What is Vendor’s Lien Release?

A Vendor's Lien Release is a legal document that confirms the release of a vendor's lien on a property, indicating that the debt has been satisfied.

Who is required to file Vendor’s Lien Release?

The seller or vendor who originally placed the lien on the property is typically required to file the Vendor's Lien Release.

How to fill out Vendor’s Lien Release?

To fill out a Vendor's Lien Release, include the property details, the amount of the lien paid, the parties involved, and signatures of the vendor and any witnesses as required by state law.

What is the purpose of Vendor’s Lien Release?

The purpose of a Vendor's Lien Release is to officially document that the vendor's claim on the property has been cleared, allowing for the transfer of clear title to the buyer.

What information must be reported on Vendor’s Lien Release?

Key information that must be reported on a Vendor's Lien Release includes the names of the involved parties, the legal description of the property, the original lien amount, payment confirmation, and the date of the release.