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Release Deed

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What is a Release Deed?

A release deed is a legal document that plays an important role in property transactions and settlements. It serves as a formal agreement between two parties, releasing one party’s interest or rights in a property in favour of the other.

The Deed of Reconveyance will typically include:

  1. A deed of release can release right of any person in favour of another. When any person dies intestate i.e. without making Will then his heirs can enter into release deed to give up their rights in certain property.
  2. A deed of release can also free an employer and an employee of any obligations that they had under their employment agreement, such as in the case of a severance package.
  3. Deed of release forms can also be used to relieve personal guarantee obligations for business loans.