Discharge of Charge

The term discharge of charge refers to the process by which a charge, or lien, on a property is removed or released. A charge is typically placed on a property when it is used as security for a loan or mortgage. Once the debt associated with the charge has been fully repaid, the lender or the party holding the charge will issue a discharge of charge, effectively releasing the property from the security interest. This allows the property owner to have clear and unencumbered title to the property, meaning it is no longer subject to the lien or charge that was previously in place. The discharge of charge is often recorded with the relevant land or property registry to officially remove the lien from the public records.