Document background
The Release Of Lien On Real Property is a crucial document in Malaysian property transactions used when a lien holder wishes to formally relinquish their legal interest in a property. This typically occurs after the full satisfaction of a debt or obligation that originally secured the lien, or when parties agree to terminate the lien for other reasons. The document must comply with Malaysian legal requirements, particularly the National Land Code 1965, and needs to be properly executed and registered with the land office to effectively clear the property's title. It contains specific information about the property, the original lien, and the parties involved, and requires proper witnessing and certification. This document is essential for property owners seeking to clear their title from encumbrances and is often required in property sales, refinancing, or other property transactions in Malaysia.
