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A Release of Mortgage is a legal document that officially cancels your mortgage debt and removes the bank's claim on your property in Austria. When you've fully paid off your mortgage, your lender must provide this release (also called "Löschungserklärung") to clear the land registry records (Grundbuch).

Under Austrian property law, this release needs registration at your local district court's land registry office to become legally effective. The document proves you now own your property free and clear, letting you sell or refinance without the previous mortgage getting in the way. Your notary typically handles the registration process, ensuring everything follows Austria's strict property transfer rules.

You need a Release of Mortgage when you've finished paying off your Austrian property loan and want to clear your property title. The most common timing is at the end of your mortgage term, but you might also need one if you're selling your property or paying off your loan early through refinancing or a lump sum payment.

Getting this release registered quickly in the Grundbuch matters because it prevents future complications when you want to sell or use your property as collateral. Austrian banks typically start the release process automatically after your final payment, but it's smart to follow up if you haven't received confirmation within a few weeks. This especially matters if you're planning any property transactions soon.

• Full Release: The standard form used when the entire mortgage debt is paid off, completely removing the lender's claim from the property records
• Partial Release: Used when releasing only a portion of mortgaged property, common in development projects or land subdivisions
• Electronic Release: A digitally processed version filed through Austria's electronic land registry system
• Satisfaction Certificate: An alternative document format some Austrian banks use to confirm debt payment and authorize release
• Conditional Release: A specialized form that becomes effective only after meeting specific requirements, often used in property transactions

• Lending Banks: Prepare and issue the Release of Mortgage after confirming full loan repayment, following Austrian banking regulations
• Property Owners: Receive and use the release to prove their property is free from mortgage claims
• Notaries: Verify and process the release documentation, ensuring it meets legal requirements for land registry filing
• Land Registry Officials: Record the release in the Grundbuch and update property records accordingly
• Real Estate Attorneys: Guide clients through the release process and review documentation for legal compliance

• Property Details: Gather the land registry number (Einlagezahl), property address, and current ownership records from the Grundbuch
• Mortgage Information: Collect original mortgage agreement, loan account number, and final payment confirmation
• Bank Documentation: Request official confirmation of loan satisfaction from your lending institution
• Identity Verification: Prepare current identification documents for all property owners listed on the mortgage
• Filing Requirements: Check your local district court's specific formatting and submission guidelines for release registration
• Release Template: Use our platform to generate a legally compliant Release of Mortgage that includes all required Austrian legal elements

• Property Identification: Full legal description from the Grundbuch, including land registry number and cadastral details
• Mortgage Details: Original mortgage date, registration number, and loan amount being released
• Lender Declaration: Clear statement confirming full satisfaction of the debt and release of security interest
• Property Owner Information: Names and details matching the current land registry entry
• Authentication Elements: Notary certification section and official bank seal requirements
• Legal Compliance Statement: Reference to relevant Austrian property law provisions and land registry regulations
• Execution Block: Dated signature spaces for authorized bank representatives and property owners

A Release of Mortgage differs significantly from a Mortgage Agreement in both timing and purpose within Austrian property law. While both documents deal with property rights, they serve opposite ends of the mortgage lifecycle.

• Purpose and Timing: A Mortgage Agreement creates the lender's security interest at the start of a loan, while a Release of Mortgage terminates it after full repayment
• Legal Effect: The Mortgage Agreement establishes obligations and encumbers the property; the Release removes these restrictions and clears the title
• Registration Requirements: Both need Grundbuch registration, but the Release specifically cancels the earlier mortgage entry
• Document Structure: Mortgage Agreements contain detailed loan terms and conditions; Releases are shorter and focus solely on confirming debt satisfaction
• Party Obligations: Mortgage Agreements create ongoing responsibilities; Releases end them and restore full property rights to the owner