What is a deed of release?

A deed of release is a document used in property law that cancels an obligation between a party and another. It is used in Kansas when a lien is placed on a property due to unpaid taxes, debts, or legally binding contracts. The deed of release nullifies the obligation and removes the lien from the property. The party seeking to release the lien must provide a document to the lienholder which states that the obligation is being released. The document must include the name of the lienholder and the lienor, the amount of the debt, and a statement that the lien is being released due to the debt having been paid or otherwise satisfied. Because a deed of release is a legal document, it is important to be sure that the document is written correctly and submitted to the lienholder in a timely manner. This is to help ensure that the lien is removed from the property in a legal manner. In Kansas, once the deed of release is signed and successfully filed with the lienholder, the lien is officially released and will no longer appear in public records. This allows the lienor to access their property without the hindering effect of an unpaid debt or lien.

Related FAQs

What is an implied covenant?
What is an easement?
What is a covenant of seisin?
What is adverse possession?
What is a deed of trust?
What is a tenancy in common?
What is joint tenancy?
What should be included in a real estate purchase contract?
What is the Interpleader Statute?
What is the difference between a warranty deed and a quitclaim deed?

Related Blog Posts

What You Need to Know About Property Law - July 31, 2023
Property Law: What to Look Out For When Purchasing Real Estate - August 7, 2023
Understanding the Basics: A Guide to Property Law - August 14, 2023
Common Types of Property Law Cases - August 21, 2023
The Impact of Property Law on Real Estate Transactions - August 28, 2023