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The Partial Release of Lien Form is a crucial document in Nigerian construction and real estate transactions where partial payments have been made against an existing lien. This document type is commonly used when a contractor or supplier has received partial payment for their services or materials and agrees to release their lien rights proportionally. The form must comply with Nigerian legal requirements, particularly the Land Use Act 1978 and the Registration of Titles Law. The document includes specific details about the original lien, the amount being released, and the remaining encumbrance. It's essential for progressive construction projects, property developments, and situations where staged payments are involved. The Partial Release of Lien Form helps maintain clear records of partial debt satisfaction while protecting both the lien holder's remaining rights and the property owner's interests.

1. Title and Date: Clear identification of the document as a Partial Release of Lien and the date of execution

2. Parties: Identification of the Lien Holder (Releaser) and the Property Owner (Releasee), including full legal names and addresses

3. Original Lien Information: Details of the original lien including date, amount, and registration information

4. Property Description: Legal description of the property subject to the original lien

5. Release Declaration: Specific statement of the partial release, including the exact portion or amount being released

6. Consideration: Statement of the consideration received for the partial release

7. Remaining Lien: Clear statement of the remaining lien amount and terms that continue in effect

8. Execution Block: Signature lines for all parties, with space for notarization