Document background
The Notice of Lien Release serves as a crucial document in Canadian construction and real estate transactions, used when a lien holder wishes to formally discharge their lien claim against a property. This document becomes necessary when a contractor, subcontractor, or supplier has received payment or reached a settlement regarding their claim, and needs to remove their lien from the property's title. The Notice of Lien Release must comply with provincial legislation, such as Ontario's Construction Act or similar builders' lien legislation in other provinces. It includes essential information such as the parties' details, property description, original lien registration information, and clear release language. This document is particularly important for clearing title to property and facilitating property transactions or financing arrangements.
