This is an official Washington form for use in land transactions, a Partial Release of Lien (with representative acknowledgment).
A Seattle Washington Partial Release of Lien — with representative acknowledgment is a legal document that allows a property owner to release a specific portion of the lien placed on their property. This release is typically done when a partial payment or settlement has been made towards the owed amount, and the property owner wishes to release a specific portion of their property from the lien. The purpose of this document is to provide legal confirmation that the property owner has received partial payment and in return, agrees to release a designated part of their property from the lien. By doing so, the property owner acknowledges that they have been compensated for that particular portion and allows the property to be free from that part of the encumbrance. The representative acknowledgment section in the document is where the authorized representative of the lien holder acknowledges the receipt of the partial payment and agrees to release the specific portion of the property from the lien. The representative's full name, title, and contact information are typically required in this section. In Seattle, Washington, there may not be specific types of Partial Release of Lien — with representative acknowledgment forms as these documents are generally customized based on the individual circumstances and requirements of the parties involved. However, there may be variations in the terms and conditions depending on the type of lien being released, such as a mechanic's lien, construction lien, or other specific lien types. The content of the document may vary but should include essential information such as: 1. Parties Involved: The names and addresses of both the property owner and the lien holder, along with their contact information. 2. Property Description: A detailed description of the property being partially released from the lien, including the address, legal description, and any relevant identifying information. 3. Lien Amount: The total amount of the original lien, along with the specific amount being released and the remaining balance of the lien. 4. Consideration: The partial payment or settlement amount received by the property owner in exchange for the partial release. 5. Release and Waiver: A clear statement that the property owner, as well as the representative of the lien holder, releases and waives any claim to the portion of the property being released from the lien. 6. Representative Acknowledgment: A section where the authorized representative of the lien holder acknowledges the receipt of partial payment and agrees to release the designated portion of the property from the lien. The representative's full name, title, and contact information should be provided. It is crucial to ensure that the document is prepared accurately and complies with applicable Washington state laws and regulations regarding releases of liens. It is advisable to consult with a legal professional or use a trusted template designed specifically for Seattle, Washington, partial releases of liens.
