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Deed Of Release And Full Reconveyance Template for Malaysia

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Key Requirements PROMPT example:

Deed Of Release And Full Reconveyance

"I need a Deed of Release and Full Reconveyance for a commercial property in Kuala Lumpur, where ABC Bank will release their charge over the property following full loan repayment scheduled for March 2025. The deed should include provisions for multiple guarantors and handling of original security documents."

Document background
The Deed of Release and Full Reconveyance is a crucial document in Malaysian property transactions, typically used when a borrower has fully repaid their loan or satisfied all secured obligations. This deed is essential in formally documenting the discharge of security interests and the reconveyance of property rights. It must comply with Malaysian legal requirements, particularly the National Land Code 1965 and the Contracts Act 1950. The document is commonly used in both residential and commercial property transactions, containing detailed information about the property, the original security, confirmation of debt satisfaction, and formal release provisions. It requires proper execution as a deed and subsequent registration with the relevant land registry to effectively clear the property's title from any encumbrances.
Suggested Sections

1. Parties: Identification of the Releasor (typically a bank or financial institution) and Releasee (typically the property owner/borrower)

2. Background: Recitals detailing the original charge/security, property details, and confirmation that all secured obligations have been fulfilled

3. Definitions: Definitions of key terms used in the deed including Property, Security Documents, and Secured Obligations

4. Release and Discharge: Primary operative clause releasing all claims, rights, and interests in the property

5. Reconveyance: Formal reconveyance of the legal title and all interests in the property back to the Releasee

6. Delivery of Documents: Provisions regarding the return of original security documents and title deeds

7. Representations and Warranties: Basic warranties regarding authority to release and discharge

8. Further Assurance: Commitment to execute any additional documents necessary to give effect to the release

9. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction

10. Execution: Formal execution blocks meeting Malaysian deed requirements

Optional Sections

1. Costs and Expenses: Include when there's a need to specify responsibility for legal fees, stamp duty, and registration costs

2. Indemnity: Include when additional protection is needed for the releasing party

3. Surviving Provisions: Include when certain obligations from the original security documents should survive

4. Third Party Rights: Include when there are relevant third party interests or when explicitly excluding third party rights

5. Notices: Include when post-completion notices may be required

6. Partial Release: Include when only part of the security is being released while maintaining other securities

Suggested Schedules

1. Property Description: Detailed legal description of the property being released and reconveyed

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

3. Form of Registration Documents: Forms required for registration with the land office/registry

4. Powers of Attorney: If applicable, details of any powers of attorney for execution

5. Outstanding Amounts Confirmation: Confirmation of full settlement of all secured amounts

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses




















Relevant Industries

Banking and Financial Services

Real Estate

Legal Services

Property Development

Construction

Mortgage Services

Corporate Services

Housing Development

Commercial Property

Industrial Property

Relevant Teams

Legal

Property Administration

Mortgage Services

Compliance

Risk Management

Corporate Secretarial

Real Estate Operations

Security Administration

Loan Operations

Document Management

Relevant Roles

Legal Counsel

Property Lawyer

Bank Manager

Mortgage Officer

Property Manager

Compliance Officer

Real Estate Executive

Corporate Secretary

Title Officer

Security Trustee

Risk Manager

Loan Officer

Property Administrator

Legal Executive

Conveyancing Manager

Industries







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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