Form 89 Release - British Columbia, Canada

Form 89 Release in British Columbia, Canada is used in real estate transactions to release a security interest, such as a mortgage, from a property.

In British Columbia, Canada, Form 89 Release is typically filed by the authorized signatory or the individual/entity responsible for the release of the document or information.

FAQ

Q: What is Form 89 Release?
A: Form 89 Release is a legal document used in British Columbia, Canada to release a lien, charge, or other encumbrance on a property.

Q: When is Form 89 Release required?
A: Form 89 Release is generally required when a mortgage or other encumbrance on a property has been paid off or discharged.

Q: How do I obtain Form 89 Release?
A: Form 89 Release can usually be obtained from the lender or financial institution that held the mortgage or encumbrance on the property.

Q: What information is required in Form 89 Release?
A: Form 89 Release typically requires information such as the legal description of the property, the name of the property owner, and details of the mortgage or encumbrance being released.

Q: Do I need to pay a fee to submit Form 89 Release?
A: Yes, there is usually a fee associated with submitting Form 89 Release. The fee amount may vary depending on the jurisdiction and the lender.

Q: What happens after I submit Form 89 Release?
A: Once Form 89 Release is submitted and processed, the lien, charge, or encumbrance on the property will be officially released, and the property will be free of the associated legal claims.