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 New York, 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 claims made by contractors, subcontractors, or suppliers who have not been paid for labor or materials used in improving a property. Once the owed party receives payment, they are typically required to file a lien release with the county clerk's office where the property is located. This process ensures that the lien is no longer a burden on the property title, clearing the way for future sales or financing. New York State Lien Law provides specific procedures and timeframes for filing a lien and subsequently releasing it. Failure to properly release a lien can result in legal penalties and complications for the property owner.