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Deed Of Partial Release

Deed Of Partial Release Template for Singapore

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Key Requirements PROMPT example:

Deed Of Partial Release

"Need a Deed of Partial Release to discharge part of a Singapore commercial property (Block 123, #01-45 Marina Bay) from an existing mortgage with DBS Bank, while maintaining the security over the remaining units, to be effective from March 1, 2025."

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Document background
A Deed of Partial Release is essential in Singapore's property and financing landscape when parties need to release specific portions of secured property while maintaining security over the remainder. This typically occurs during property development phases, refinancing arrangements, or partial property sales. The deed must comply with Singapore's strict formal requirements, including proper execution, witnessing, and registration with relevant authorities. The document specifically details the portion being released, confirms the continuing security over remaining assets, and includes necessary property descriptions and plans.
Suggested Sections

1. Parties: Details of the Releasor and Releasee

2. Background: Reference to original security/charge and reason for partial release

3. Definitions: Key terms used in the deed

4. Release Provisions: Specific terms of the partial release, including property description

5. Continuing Security: Confirmation that security continues over remaining property/obligations

6. Execution: Formal execution block with witness requirements

Optional Sections

1. Representations and Warranties: Additional confirmations from parties, used in complex transactions or where specifically requested

2. Costs and Expenses: Allocation of costs related to the partial release, used when costs allocation needs to be explicitly stated

3. Governing Law: Explicit statement of governing law, used when international elements are involved

Suggested Schedules

1. Property Description Schedule: Detailed description of property being released

2. Original Security Document Schedule: Copy or details of the original security document

3. Plan Schedule: Property plans where relevant for partial release of specific portions of land

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

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alex.den.21@genieai.co
Industries

Conveyancing and Law of Property Act (Cap. 61): Primary legislation governing property transactions and legal instruments relating to land in Singapore. Specifies requirements for valid deeds and formalities for deed execution.

Land Titles Act (Cap. 157): Regulates registered land in Singapore, including requirements for registration of instruments and provisions relating to mortgages and charges.

Registration of Deeds Act (Cap. 269): Sets out requirements for registration of deeds and establishes the legal effect of registration in Singapore.

Stamp Duties Act (Cap. 312): Governs the requirements for stamp duty payment and establishes applicable rates for partial releases in Singapore.

Rules of Execution for Deeds: Specifies that deeds must be signed, sealed, and delivered with proper witnessing requirements and corporate execution requirements if applicable.

Contract Law Requirements: Fundamental legal principles including capacity of parties, consideration, and clear intention to be legally bound.

Companies Act (Cap. 50): Relevant when corporate entities are involved, covering authority to execute and corporate signing requirements.

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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