The Withdrawal Release Lis Pendens in New York is a legal form used to formally remove a previously recorded notice of pending litigation against a property. This document acknowledges the receipt of valuable consideration and authorizes the relevant clerk or recorder's office to cancel the lis pendens from the official land records. Key features of the form include sections for the signatures of the parties involved and the recording details of the original lis pendens. Filling out the form requires users to provide specific information such as the name of the clerk or recorder's office, city, county, and the book and page number where the lis pendens is recorded. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to resolve property disputes or clarify ownership issues. It helps streamline the legal process by ensuring that the public record is updated, thereby eliminating uncertainties tied to the property's title. Proper usage of this form can enhance efficiency in real estate transactions and litigation processes.