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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."
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
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
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
Banking and Financial Services
Real Estate
Legal Services
Property Development
Construction
Mortgage Services
Corporate Services
Housing Development
Commercial Property
Industrial Property
Legal
Property Administration
Mortgage Services
Compliance
Risk Management
Corporate Secretarial
Real Estate Operations
Security Administration
Loan Operations
Document Management
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
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