diff --git a/docs/resources/release.md b/docs/resources/release.md
index 1f7242e93d..3bcbd169bc 100644
--- a/docs/resources/release.md
+++ b/docs/resources/release.md
@@ -55,6 +55,7 @@ A Chart is a Helm package. It contains all of the resource definitions necessary
 - `set_list` (Block List) Custom list values to be merged with the values. (see [below for nested schema](#nestedblock--set_list))
 - `set_sensitive` (Block Set) Custom sensitive values to be merged with the values. (see [below for nested schema](#nestedblock--set_sensitive))
 - `skip_crds` (Boolean) If set, no CRDs will be installed. By default, CRDs are installed if not already present. Defaults to `false`.
+- `take_ownership` (Boolean) If set, ignore checks for Helm annotations and take ownership of the resources.
 - `timeout` (Number) Time in seconds to wait for any individual kubernetes operation. Defaults to 300 seconds.
 - `upgrade_install` (Boolean) If true, the provider will install the release at the specified version even if a release not controlled by the provider is present: this is equivalent to running 'helm upgrade --install' with the Helm CLI. WARNING: this may not be suitable for production use -- see the 'Upgrade Mode' note in the provider documentation. Defaults to `false`.
 - `values` (List of String) List of values in raw yaml format to pass to helm.
diff --git a/helm/provider_test.go b/helm/provider_test.go
index d9157f4a25..435615688f 100644
--- a/helm/provider_test.go
+++ b/helm/provider_test.go
@@ -329,6 +329,39 @@ func deleteNamespace(t *testing.T, namespace string) {
 	}
 }
 
+func createRandomConfigMap(t *testing.T, namespace string) string {
+	if !accTest {
+		t.Skip("TF_ACC=1 not set")
+		return ""
+	}
+
+	name := fmt.Sprintf("%s-%s", testNamespacePrefix, acctest.RandString(10))
+	cm := &v1.ConfigMap{
+		ObjectMeta: metav1.ObjectMeta{
+			Name:      name,
+			Namespace: namespace,
+		},
+	}
+	_, err := client.CoreV1().ConfigMaps(namespace).Create(context.TODO(), cm, metav1.CreateOptions{})
+	if err != nil {
+		t.Fatalf("Could not create test configmap %q in namespace %q: %s", name, namespace, err)
+	}
+	return name
+}
+
+func getConfigMap(t *testing.T, namespace, name string) *v1.ConfigMap {
+	if !accTest {
+		t.Skip("TF_ACC=1 not set")
+		return nil
+	}
+
+	cm, err := client.CoreV1().ConfigMaps(namespace).Get(context.TODO(), name, metav1.GetOptions{})
+	if err != nil {
+		t.Fatalf("Could not fetch test configmap %q from namespace %q: %s", name, namespace, err)
+	}
+	return cm
+}
+
 func randName(prefix string) string {
 	return fmt.Sprintf("%s-%s", prefix, acctest.RandString(10))
 }
diff --git a/helm/resource_helm_release.go b/helm/resource_helm_release.go
index ec9feb7255..db758d60ce 100644
--- a/helm/resource_helm_release.go
+++ b/helm/resource_helm_release.go
@@ -99,6 +99,7 @@ type HelmReleaseModel struct {
 	SetSensitive             types.List       `tfsdk:"set_sensitive"`
 	SkipCrds                 types.Bool       `tfsdk:"skip_crds"`
 	Status                   types.String     `tfsdk:"status"`
+	TakeOwnership            types.Bool       `tfsdk:"take_ownership"`
 	Timeout                  types.Int64      `tfsdk:"timeout"`
 	Values                   types.List       `tfsdk:"values"`
 	Verify                   types.Bool       `tfsdk:"verify"`
@@ -125,6 +126,7 @@ var defaultAttributes = map[string]interface{}{
 	"reset_values":               false,
 	"reuse_values":               false,
 	"skip_crds":                  false,
+	"take_ownership":             false,
 	"timeout":                    int64(300),
 	"verify":                     false,
 	"wait":                       true,
@@ -478,6 +480,12 @@ func (r *HelmRelease) Schema(ctx context.Context, req resource.SchemaRequest, re
 				Computed:    true,
 				Description: "Status of the release",
 			},
+			"take_ownership": schema.BoolAttribute{
+				Optional:    true,
+				Computed:    true,
+				Default:     booldefault.StaticBool(defaultAttributes["take_ownership"].(bool)),
+				Description: "Ignore check for Helm annotations and take ownership of the resources.",
+			},
 			"timeout": schema.Int64Attribute{
 				Optional:    true,
 				Computed:    true,
@@ -774,6 +782,7 @@ func (r *HelmRelease) Create(ctx context.Context, req resource.CreateRequest, re
 	client.Replace = state.Replace.ValueBool()
 	client.Description = state.Description.ValueString()
 	client.CreateNamespace = state.CreateNamespace.ValueBool()
+	client.TakeOwnership = state.TakeOwnership.ValueBool()
 
 	if state.PostRender != nil {
 		binaryPath := state.PostRender.BinaryPath.ValueString()
@@ -1818,6 +1827,8 @@ func (r *HelmRelease) ModifyPlan(ctx context.Context, req resource.ModifyPlanReq
 			install.Replace = plan.Replace.ValueBool()
 			install.Description = plan.Description.ValueString()
 			install.CreateNamespace = plan.CreateNamespace.ValueBool()
+			install.TakeOwnership = plan.TakeOwnership.ValueBool()
+
 			install.PostRenderer = client.PostRenderer
 
 			values, diags := getValues(ctx, &plan)
diff --git a/helm/resource_helm_release_test.go b/helm/resource_helm_release_test.go
index ca256589d3..7ac93f0403 100644
--- a/helm/resource_helm_release_test.go
+++ b/helm/resource_helm_release_test.go
@@ -2354,3 +2354,60 @@ func testAccHelmReleaseRecomputeMetadataSet(resource, ns, name string) string {
 		}
 `, resource, name, ns, resource)
 }
+
+func testAccHelmReleaseConfigTakeOwnership(resource, ns, name, version, configmap string) string {
+	return fmt.Sprintf(`
+		resource "helm_release" "%s" {
+ 			name        = %q
+			namespace   = %q
+			description = "Test"
+			repository  = %q
+  			chart       = "take-ownership"
+			version     = %q
+
+			take_ownership = true
+
+			set = [
+				{
+					name  = "configMap"
+					value = %q
+				},
+				{
+					name  = "configMapNamespace"
+					value = %q
+				},
+			]
+		}
+	`, resource, name, ns, testRepositoryURL, version, configmap, ns)
+}
+
+func testAccCheckConfigMapUpdated(t *testing.T, namespace, name string) resource.TestCheckFunc {
+	return func(s *terraform.State) error {
+		cm := getConfigMap(t, namespace, name)
+
+		if d, ok := cm.Data["ownership"]; !ok || d != "taken" {
+			return fmt.Errorf("configmap contents were not updated")
+		}
+		return nil
+	}
+}
+
+func TestAccResourceRelease_takeOwnership(t *testing.T) {
+	name := randName("take-ownership")
+	namespace := createRandomNamespace(t)
+	configmap := createRandomConfigMap(t, namespace)
+	defer deleteNamespace(t, namespace)
+
+	resource.Test(t, resource.TestCase{
+		ProtoV6ProviderFactories: protoV6ProviderFactories(),
+		Steps: []resource.TestStep{
+			{
+				Config: testAccHelmReleaseConfigTakeOwnership(testResourceName, namespace, name, "1.0.0", configmap),
+				Check: resource.ComposeAggregateTestCheckFunc(
+					resource.TestCheckResourceAttr(fmt.Sprintf("helm_release.%s", testResourceName), "status", release.StatusDeployed.String()),
+					testAccCheckConfigMapUpdated(t, namespace, configmap),
+				),
+			},
+		},
+	})
+}
diff --git a/helm/testdata/charts/take-ownership/.helmignore b/helm/testdata/charts/take-ownership/.helmignore
new file mode 100644
index 0000000000..0e8a0eb36f
--- /dev/null
+++ b/helm/testdata/charts/take-ownership/.helmignore
@@ -0,0 +1,23 @@
+# Patterns to ignore when building packages.
+# This supports shell glob matching, relative path matching, and
+# negation (prefixed with !). Only one pattern per line.
+.DS_Store
+# Common VCS dirs
+.git/
+.gitignore
+.bzr/
+.bzrignore
+.hg/
+.hgignore
+.svn/
+# Common backup files
+*.swp
+*.bak
+*.tmp
+*.orig
+*~
+# Various IDEs
+.project
+.idea/
+*.tmproj
+.vscode/
diff --git a/helm/testdata/charts/take-ownership/Chart.yaml b/helm/testdata/charts/take-ownership/Chart.yaml
new file mode 100644
index 0000000000..5745c8bcc0
--- /dev/null
+++ b/helm/testdata/charts/take-ownership/Chart.yaml
@@ -0,0 +1,23 @@
+apiVersion: v2
+name: take-ownership
+description: This is a simple chart to use as a test fixture, using the take ownership feature
+
+# A chart can be either an 'application' or a 'library' chart.
+#
+# Application charts are a collection of templates that can be packaged into versioned archives
+# to be deployed.
+#
+# Library charts provide useful utilities or functions for the chart developer. They're included as
+# a dependency of application charts to inject those utilities and functions into the rendering
+# pipeline. Library charts do not define any templates and therefore cannot be deployed.
+type: application
+
+# This is the chart version. This version number should be incremented each time you make changes
+# to the chart and its templates, including the app version.
+# Versions are expected to follow Semantic Versioning (https://semver.org/)
+version: 1.0.0
+
+# This is the version number of the application being deployed. This version number should be
+# incremented each time you make changes to the application. Versions are not expected to
+# follow Semantic Versioning. They should reflect the version the application is using.
+appVersion: 1.0.0
diff --git a/helm/testdata/charts/take-ownership/templates/_helpers.tpl b/helm/testdata/charts/take-ownership/templates/_helpers.tpl
new file mode 100644
index 0000000000..15fb193b34
--- /dev/null
+++ b/helm/testdata/charts/take-ownership/templates/_helpers.tpl
@@ -0,0 +1,43 @@
+{{/*
+Expand the name of the chart.
+*/}}
+{{- define "take-ownership.name" -}}
+{{- default .Chart.Name .Values.nameOverride | trunc 63 | trimSuffix "-" }}
+{{- end }}
+
+{{/*
+Create a default fully qualified app name.
+We truncate at 63 chars because some Kubernetes name fields are limited to this (by the DNS naming spec).
+If release name contains chart name it will be used as a full name.
+*/}}
+{{- define "take-ownership.fullname" -}}
+{{- if .Values.fullnameOverride }}
+{{- .Values.fullnameOverride | trunc 63 | trimSuffix "-" }}
+{{- else }}
+{{- $name := default .Chart.Name .Values.nameOverride }}
+{{- if contains $name .Release.Name }}
+{{- .Release.Name | trunc 63 | trimSuffix "-" }}
+{{- else }}
+{{- printf "%s-%s" .Release.Name $name | trunc 63 | trimSuffix "-" }}
+{{- end }}
+{{- end }}
+{{- end }}
+
+{{/*
+Create chart name and version as used by the chart label.
+*/}}
+{{- define "take-ownership.chart" -}}
+{{- printf "%s-%s" .Chart.Name .Chart.Version | replace "+" "_" | trunc 63 | trimSuffix "-" }}
+{{- end }}
+
+{{/*
+Common labels
+*/}}
+{{- define "take-ownership.labels" -}}
+helm.sh/chart: {{ include "take-ownership.chart" . }}
+{{- if .Chart.AppVersion }}
+app.kubernetes.io/version: {{ .Chart.AppVersion | quote }}
+{{- end }}
+app.kubernetes.io/managed-by: {{ .Release.Service }}
+{{- end }}
+
diff --git a/helm/testdata/charts/take-ownership/templates/configmap.yaml b/helm/testdata/charts/take-ownership/templates/configmap.yaml
new file mode 100644
index 0000000000..4fd90d6b9f
--- /dev/null
+++ b/helm/testdata/charts/take-ownership/templates/configmap.yaml
@@ -0,0 +1,9 @@
+apiVersion: v1
+kind: ConfigMap
+metadata:
+  name: "{{ .Values.configMap }}"
+  namespace: "{{ .Values.configMapNamespace }}"
+  labels:
+    {{- include "take-ownership.labels" . | nindent 4 }}
+data:
+  ownership: "taken"
diff --git a/helm/testdata/charts/take-ownership/values.yaml b/helm/testdata/charts/take-ownership/values.yaml
new file mode 100644
index 0000000000..55f66721c8
--- /dev/null
+++ b/helm/testdata/charts/take-ownership/values.yaml
@@ -0,0 +1,8 @@
+# Default values for test-chart.
+# This is a YAML-formatted file.
+# Declare variables to be passed into your templates.
+
+configMap: ""
+configMapNamespace: ""
+nameOverride: ""
+fullnameOverride: ""
\ No newline at end of file