A Title and Lien Release is a crucial document used in Indonesian property and financial transactions when a security interest or lien needs to be formally released from a property. This document becomes necessary when a loan or other secured obligation has been fully satisfied, or when a partial release of security is required. The document must comply with Indonesian legal requirements, particularly the Security Rights Law (Hak Tanggungan) for land-based security interests and the Fiduciary Security Law for movable assets. It typically includes detailed information about the parties, the property, the original security interest, and formal release declarations. The Title and Lien Release must be properly executed and registered with relevant Indonesian authorities to be legally effective in clearing the property's title.
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Key Requirements PROMPT example:
Title And Lien Release
"I need a Title and Lien Release document under Indonesian law for releasing a bank's security interest over my manufacturing facility in Jakarta, as the loan will be fully paid off by March 2025."
1. Identification of Parties: Details of the lienholder/creditor releasing the lien and the debtor/property owner, including full legal names, addresses, and any relevant registration numbers
2. Property Description: Detailed description of the property being released from the lien, including registration numbers, certificate numbers, and physical description/location
3. Lien Information: Details of the original security interest/lien being released, including registration numbers, date of creation, and original secured amount
4. Release Declaration: Formal statement declaring the full and unconditional release of the lien and transfer of clear title
5. Effective Date: Clear statement of when the release takes effect
6. Authorization: Statement of authority of the person executing the release on behalf of the lienholder
1. Reference to Loan Satisfaction: Include when there's a need to explicitly acknowledge that the underlying debt has been fully satisfied
2. Partial Release Provisions: Include when only a portion of the property or collateral is being released from the lien
3. Additional Representations: Include when specific warranties or representations about the release are required by the parties
4. Governing Law Statement: Include when the release involves cross-jurisdictional elements or when specifically requested by parties
1. Property Details Schedule: Detailed technical description of the property, including cadastral details, boundaries, and certificate numbers
2. Original Security Documents: Copies or details of the original security documents being released
3. Authorization Documents: Copies of power of attorney or corporate authorizations for executing the release
4. Release Registration Form: Standard form required by Indonesian land office for registering the release of security right (if applicable)
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Relevant Industries
Banking and Financial Services
Real Estate
Property Development
Construction
Manufacturing
Industrial
Agriculture
Commercial Property
Retail
Infrastructure
Relevant Teams
Legal
Finance
Credit Administration
Property Management
Risk Management
Compliance
Real Estate Operations
Corporate Secretariat
Asset Management
Documentation
Relevant Roles
Legal Counsel
Property Manager
Finance Manager
Credit Officer
Loan Officer
Mortgage Specialist
Real Estate Manager
Corporate Secretary
Compliance Officer
Risk Manager
Asset Manager
Property Rights Administrator
Security Interest Administrator
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