Document background
The Discharge of Mortgage Letter is a crucial document in South African property law, issued when a property owner has fully paid off their mortgage bond or met all obligations under a mortgage agreement. It is required by the Deeds Office to formally cancel the bank's security interest in the property. The letter must include specific details such as the property description, bond number, and clear authorization for cancellation, complying with the Deeds Registries Act 47 of 1937 and related regulations. This document is typically prepared by the bank's legal department or authorized representatives and is essential for clearing the property's title of any mortgage encumbrances, allowing the owner to sell or refinance the property without the existing mortgage bond restriction.
