Deed Of Partial Release Template for England and Wales

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Key Requirements PROMPT example:

Deed Of Partial Release

"I need a Deed of Partial Release to release the first floor of our commercial property at 123 High Street from an existing debenture dated 15 March 2025, while maintaining security over the remaining floors and other assets."

Document background
A Deed of Partial Release is commonly used in situations where a lender or security holder agrees to release their security interest over specific assets or property while maintaining security over others. This typically occurs in property development scenarios, asset disposals, or restructuring situations. The deed must comply with English and Welsh law requirements for valid deeds and should clearly identify the released assets while confirming the continuing effectiveness of the security over remaining assets. It's crucial for the document to be properly executed and registered where required.
Suggested Sections

1. Parties: Details of the parties to the deed, including the security holder and the party receiving the release

2. Background: Context of the original security and reason for partial release

3. Definitions: Key terms used in the deed including reference to original security documents

4. Release Provisions: Specific details of what is being released from the security

5. Continuation of Security: Confirmation that remaining security continues in full force

6. Execution: Formal execution blocks for all parties

Optional Sections

1. Representations and Warranties: Used when additional confirmations are required from parties regarding their authority, capacity, or other matters

2. Costs: Provisions regarding who bears the costs of the release and associated registration

3. Further Assurance: Obligation to execute further documents if needed for full effect of the release

Suggested Schedules

1. Description of Released Property: Detailed description of assets being released from security

2. Original Security Documents: List and details of security documents being partially released

3. Plans: If property involved, plans showing released areas and retained secured areas

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Core legislation governing property law in England and Wales, covering requirements for valid deeds, rules regarding legal estates and interests in land, and formalities for creation and discharge of interests in land

Law of Property (Miscellaneous Provisions) Act 1989: Specifies requirements for execution of deeds and formal requirements for validity, particularly under Section 1

Land Registration Act 2002: Governs requirements for registration of interests in land, priority of interests, and the handling of notices and restrictions

Trustee Act 2000: Relevant when trustees are involved in the release, detailing trustees' duties and powers

Contract Law principles: Fundamental principles covering consideration (though not strictly required for deeds), capacity of parties, and intent to create legal relations

Land Registration Rules 2003: Sets out procedural requirements for registration, including necessary forms and notices

Common law principles: Established legal principles regarding partial release of security interests, severability, and construction of deeds

Stamp Duty Land Tax legislation: Tax implications and requirements for property transactions

Companies Act 2006: Relevant when any party to the deed is a company, governing corporate execution requirements

Financial Services and Markets Act 2000: Applicable when the transaction involves regulated activities in the financial sector

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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