partial release

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Partial Release

A provision in some mortgages allowing part of the collateral (which, in this case, is the property underlying the mortgage) to be released under certain stated circumstances. For example, once the property owner has repaid a given percentage of the principal, part of the property may be released from the collateral under a partial release provision.
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partial release

A mortgage lender's release of its lien from only some portion of the land mortgaged. Usually encountered in subdivision development.The lender and the developer will have a prearranged ratio for division of proceeds from the sale of each parcel.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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A partial release of lien given where no further work is performed after the date of the partial release turns out to be a final release and a final release given when further work is performed thereafter may not be a final release.
Summary: In the 15 years since the Oslo process began, several partial releases of Palestinian prisoners from Israeli prisons have occurred even while the number of Palestinian prisoners continued to increase.
The Palestinian assumption all along was that there would be a process of successive partial releases of prisoners to accompany progress in the implementation of peace agreements on the ground, leading finally to the release of all prisoners.
To those with whom Israel is supposed to be engaged in a process to secure peace, Israel makes only partial releases divorced from any political horizon: "gestures" that might weaken rather than strengthen their recipients.
In loan servicing, the Agency will increase the dollar threshold for requiring a certified real estate appraisal from $10,000 to $25,000 when considering partial releases, subordinations, exchanges, or other real estate servicing actions.
Since the new dental tenant will be incurring significant construction and equipment costs, the landlord or property owner must make certain that proper procedures are being followed to assure that timely payments are made to all contractors and their subcontractors, and that partial releases of liens are obtained and delivered to the landlord for all such payments as the payments are made.
Available in three-, five-, or seven-year terms, the flexible fixed-rate product also offers additional fundings and earnouts, partial releases and property substitutions.

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