SharePoint Error: This page has been declared a record or placed on hold and is locked as read-only.

In SharePoint 2010, you may experience this message on your page that you are trying to edit/view:

"Important Status: This page has been declared a record or placed on hold and is locked as read-only" 

Generally it happen when the page is checked out using System account

Solution1:

Use same account (system account) to check the page back in.

Solution 2:

If you do not have password for the system account and you need to edit the page, carry out the below steps.

Steps

1. Open the site in SharePoint designer
2. Go to the Pages Library
3. Right click on the page which is locked out
4. Select option "Undo Checkout"

 After the above steps the page will be unlocked for you for editing.

Don't forget to check in the page once you are done editing

Tags: SharePoint | Page error
Saravjeet Lamba