When you owe someone money, and you would like your property to remail as collateral until full repayment, you can use this Lien Holder Authorization Letter to complete this agreement.
[Sender’s Name]
[City, State and Zip Code]
[Mobile Number]
[Date]
[Recipient’s Name]
[Law Firms’ Name]
[City, State and Zip Code]
Dear Mr. /Mrs. [Name],
I [Sender’s Name] hereby write to authorize [Name] to hold agreed property [Properties held In Lien]. This request is meant to remain active until the full repayment of the amount owed to the parties [Amount owed].
As agreed with [Name], the properties held have proper market value to fully cater to the outstanding balance. All property held in lien is in good condition, and the authorization takes effect from [Date] to [Date].
Please find attached all legal documents for the properties. Proof of identification and other legal documents are attached. Thank you for your assistance in this transaction.
Sincerely
[Sender’s Signature]
[Sender’s Name]
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