Offset Statement Law and Legal Definition

An offset statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property. It is certified for the benefit of another party that a certain statement of facts is correct as of the date of the statement.

The following is an example of a case law on off set lien:

The signing and delivery of the offset statement did not give an otherwise invalid contract validity. [Aspeitia v. California Trust Co., 158 Cal. App. 2d 150, 155 (Cal. Ct. App. 1958)].