A lien release (also known as a release of lien, lien cancellation, or cancellation of lien) is the document filed in the county records to release or discharge a mechanic’s and materialmen’s lien (also known as a construction lien or contractor lien) that was filed as a claim on the property title to secure payment for labor and materials provided to improve the real estate.
In Alaska, a lien release is a legal document used to cancel a previously filed mechanic's lien against a property. Mechanic's liens are used by contractors, subcontractors, and suppliers to ensure they are paid for labor and materials provided for property improvements. Once the owed party receives payment, they are required to file a lien release to clear the property title of the lien. Alaska Statutes Title 34, Chapter 35 outlines the process for filing and releasing mechanic's liens. The lien claimant must record the lien release with the same recording district where the original lien was filed. Failure to release a lien after being satisfied can result in penalties for the lien claimant. It is important for property owners to obtain a lien release after settling the debt to ensure their property title is clear of any encumbrances related to the lien.