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Deed Of Release And Reconveyance

Deed Of Release And Reconveyance Template for Singapore

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Key Requirements PROMPT example:

Deed Of Release And Reconveyance

"I need a Deed of Release and Reconveyance for a commercial property in Singapore where ABC Bank has agreed to discharge their mortgage following full repayment, with completion scheduled for March 15, 2025."

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Document background
The Deed of Release and Reconveyance is a crucial document in Singapore's property financing landscape, typically used when a mortgage or charge has been fully repaid or when refinancing to a new lender. This deed formally documents the discharge of the security interest and the transfer of legal title back to the property owner. It must comply with Singapore's strict legal requirements, including proper execution as a deed and registration with relevant authorities. The document contains specific details about the original security, the property, and the parties involved, and serves as permanent evidence of the security's discharge.
Suggested Sections

1. Parties: Details of the releasor and releasee

2. Background: History of the original mortgage/charge and reason for release

3. Definitions: Key terms used throughout the deed

4. Release and Reconveyance: Core operative provisions releasing the security interest

5. Consideration: Details of payment or other consideration for the release

6. Representations and Warranties: Standard declarations about authority and capacity

7. Execution: Signature blocks and attestation

Optional Sections

1. Further Assurance: Commitment to execute additional documents if needed - used when future actions might be required

2. Partial Release: Details of partial release terms - used when only part of the security is being released

3. Governing Law: Jurisdiction and applicable law - used when international elements are involved

Suggested Schedules

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

2. Original Security Documents Schedule: List of security documents being discharged

3. Payment Details Schedule: Details of any settlement payments - included when payment is part of the release

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 transfers in Singapore, including requirements for valid conveyancing and legal formalities for deeds

Land Titles Act (Cap. 157): Legislation covering registration requirements, legal effect of registration, and procedures for releasing mortgages and charges

Registration of Deeds Act (Cap. 269): Regulates requirements for deed registration, priority of registered instruments, and legal effect of registration

Stamp Duties Act (Cap. 312): Governs applicable stamp duties, timing of duty payment, and penalties for non-compliance in property transactions

Rules of Court: Sets out procedural requirements and form and execution requirements for legal documents

Singapore Law of Contract: Fundamental principles governing contractual relationships and obligations under Singapore law

Singapore Property Law: Core principles and regulations governing property ownership, transfer, and rights in Singapore

Singapore Case Law: Relevant judicial decisions and precedents relating to releases and reconveyances

Singapore Academy of Law Guidance Notes: Professional guidelines and best practices for drafting and executing deeds in Singapore

Singapore Land Authority Requirements: Specific requirements and guidelines set by the national land authority for property transactions and reconveyances

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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