The Release Lis Pendens form is a crucial legal document used to formally terminate a lis pendens filed against a property. This document serves two primary functions in Collin: it acknowledges that valuable consideration has been received, and it authorizes the local clerk's office to cancel the recorded lis pendens from the public records. Key features of this form include spaces for the clerk's office details, the book and page numbers of the original record, as well as signature and acknowledgment sections. To fill out the form, users should provide the relevant information regarding the property in question and ensure it is signed and dated properly. This form is particularly useful for legal professionals such as attorneys and paralegals, as well as property owners and their associates, who need to resolve property disputes or clarify title issues. By effectively using this form, users can ensure that their property records are clear of any encumbrances resulting from a lis pendens notice.