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 Illinois, a lien release, also known as a release of lien or lien cancellation, is a legal document used to remove a previously filed mechanic's lien from the property records. Mechanic's liens are used by contractors, subcontractors, or suppliers to ensure they are paid for labor and materials provided for property improvements. Once the debt is paid, the lienholder is required to file a lien release with the same county recorder's office where the original lien was recorded. This action clears the property's title of the lien. Illinois law, specifically the Illinois Mechanics Lien Act (770 ILCS 60/), governs the process of filing and releasing mechanic's liens. It is important to file the lien release in a timely manner to avoid legal issues, and property owners can also demand this release once payment is made. Failure to release a lien can result in penalties for the lienholder. It is advisable to consult with an attorney to ensure the proper procedures are followed for filing or releasing a lien in Illinois.