Texas Release of Vendor's Lien
What this document covers
The Release of Vendor's Lien is a legal document that allows the lienholder to formally release a retained vendor's lien on a property. This form is essential when the lienholder has agreed to discharge all rights and title to the property, distinguishing it from other forms that may create or modify liens rather than release them.
Key components of this form
- Identification of the parties involved, including the lienholder and property owner.
- Description of the property subject to the lien release.
- Clear statement of the lienholder's intention to release the lien.
- Signatures of both parties, verifying their agreement to the release.
- Date of the agreement, establishing when the release is effective.
When this form is needed
This form is used when a vendor has retained a lien on a property for services or goods provided, and the parties have agreed that the lien is no longer necessary. It should be completed when the vendor has been paid or when other conditions have been met that warrant the release of their claim to the property.
Who needs this form
Eligibility for using the Release of Vendor's Lien includes:
- Property owners who have settled their debts with a vendor holding a lien.
- Contractors or vendors who wish to formally document the release of their lien on a property.
- Legal representatives acting on behalf of either party in lien disputes.
Completing this form step by step
- Identify the lienholder and the property owner, ensuring correct names are entered.
- Provide a detailed description of the property involved in the lien.
- Clearly state the intention to release the lien in the designated section.
- Both parties should sign and date the form to validate the agreement.
- Ensure to keep a copy of the completed form for personal records and for filing purposes.
Does this form need to be notarized?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to include all necessary information about the property.
- Not obtaining required signatures from both parties.
- Omitting the date of the agreement.
- Using outdated forms that may not comply with current legal requirements.
Advantages of online completion
- Convenient downloading allows immediate access to the form for completion.
- Editable fields make it easy to input specific information.
- Reliability of attorney-drafted documents ensures legal compliance.
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FAQ
A vendor's lien is a lien in favor of the "vendor" or the seller of real estate. When a warranty deed contains a vendor's lien, the buyer agrees to allow the seller to seize the property until the property is paid for in full.
The subcontractor would file a lien waiver before a lien is filed. By doing so, the subcontractor is giving up his or her right to a lien against the property. 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.
A Lien Release (also considered a Lien Cancellation or Release of Lien) is a legally binding document that is sent by the current lien holder, the individual who has leased the property or provided payment to secure the property, that informs any debt in relation to that property has been fulfilled and they relinquish
Pay off your debt. Fill out a release-of-lien form and have the lien holder sign it. Run out the statute of limitations. Get a court order. Make a claim with your title insurance company. Learn more:
Satisfy the terms of the loan by paying the balance of the loan back to the lender, including any interest incurred. If you don't receive the lien release, submit a request to your lender for proof that the loan has been satisfied.
Write your name and return address in the top three lines of the letter. Insert the complete date (month, day, year). Enter the recipient's name, title, company name and address on the next five lines. Greet the reader by writing "Dear (recipient's name):" Skip two lines. State the subject in a subject line.
Add or Remove a Lien on a Vehicle To add or remove a lien on your vehicle title, visit your local county tax office. The title fee is $28 or $33, depending on your county, and must be paid at time of application. Please contact your local county tax office for the exact cost.
