This is an official Washington form for use in land transactions, a Partial Release of Lien (with representative acknowledgment).
A Bellevue Washington Partial Release of Lien with representative acknowledgment is a legal document that allows a lien holder to release a portion of the lien on a property while still maintaining a claim on the remaining amount owed. This type of release is commonly used in situations where a property owner has paid off a portion of their debt, and the lien holder agrees to remove the lien from that specific portion. There are different types of Bellevue Washington Partial Release of Lien — with representative acknowledgment that may vary depending on specific circumstances. Some common types include: 1. Construction Partial Release of Lien: This type of release is typically used in the construction industry when a contractor or subcontractor has completed specific phases of a project, and the property owner has made partial payments. The contractor or subcontractor acknowledges the partial payment and agrees to release the lien on the corresponding portion of the property. 2. Mortgage Partial Release of Lien: This type of release is commonly used in real estate transactions when a borrower has paid off a portion of their mortgage debt. The lender acknowledges the partial payment and releases the lien on the corresponding portion of the property. 3. Mechanics' Lien Partial Release: This type of release is utilized when a mechanics' lien has been placed on a property due to unpaid bills for construction or repair work. If the property owner has paid off a portion of the debt, the lien holder may choose to release the lien on that specific portion while maintaining the claim on the remaining unpaid amount. It is important to note that Bellevue Washington Partial Release of Lien documents must include a representative acknowledgment section. This section typically includes the name, signature, and contact information of the representative from the lien holder's side, confirming their understanding and agreement to the partial release. In conclusion, a Bellevue Washington Partial Release of Lien — with representative acknowledgment is a legal document that allows a lien holder to release a portion of the lien on a property while maintaining a claim on the remaining amount owed. This document is commonly used in construction, mortgage, and mechanics' lien situations, and it is essential to include a representative acknowledgment section when drafting the document.
