The Filed Lis Pendens on in Franklin document serves as a formal notice indicating that a legal action involving real property is pending. This document is essential for maintaining transparency in real estate transactions and alerts potential buyers or financiers about existing claims on a property. Key features include sections for identifying the specific Lis Pendens, encompassing details such as the Clerk's or Recorder's office, book and page numbers, and the date of the release. To complete the form, users must provide accurate location information and ensure all required signatures are obtained to validate the release. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate law, as it provides a clear method for resolving outstanding legal claims. The clarity and simplicity of the form make it accessible even to those with limited legal experience. Incorporating this document into real estate practices helps mitigate legal risks and ensures all parties are informed of ongoing legal matters related to property.