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Deed Of Release Property

Deed Of Release Property Template for Malaysia

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Key Requirements PROMPT example:

Deed Of Release Property

"I need a Deed of Release Property under Malaysian law to release my company's charge over a commercial property in Kuala Lumpur following full loan repayment by the borrower in March 2025; the document should include specific provisions for Land Office registration and the release of the original title documents."

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Document background
The Deed of Release Property is a crucial document in Malaysian property transactions used when one party wishes to formally relinquish their rights, interests, or claims over a property. This document is particularly relevant in situations involving the discharge of charges, release of easements, waiver of restrictive covenants, or settlement of property disputes. Under Malaysian law, such releases must be properly documented and executed as deeds to ensure enforceability and compliance with the National Land Code 1965. The document typically requires registration with the relevant land office and must include specific details about the property, parties involved, and the exact nature of the rights being released. It's commonly used in both residential and commercial property transactions, and may be required by financial institutions, developers, or individual property owners.
Suggested Sections

1. Parties: Identifies and defines all parties to the deed, including the Releasor and Releasee

2. Background: Recitals explaining the context, including reference to the original property rights, obligations, or claims being released

3. Definitions: Defines key terms used throughout the deed, including Property, Effective Date, and any specific terms related to the release

4. Release: The operative clause detailing the specific rights, interests, or claims being released

5. Property Details: Specific description of the property including title details, lot number, and location as per National Land Code requirements

6. Consideration: States the consideration (if any) for the release

7. Representations and Warranties: Standard warranties about ownership, authority to release, and absence of encumbrances

8. Further Assurance: Commitment to execute further documents if needed to give effect to the release

9. Governing Law: Specifies Malaysian law as governing law and jurisdiction

10. Execution: Formal execution block meeting Malaysian deed requirements

Optional Sections

1. Indemnity: Optional clause where one party indemnifies the other against future claims - used when there's significant risk of third-party claims

2. Confidentiality: Used when parties wish to keep the terms of the release private

3. Tax Provisions: Required when there are specific tax implications or arrangements that need to be addressed

4. Continuing Obligations: Used when certain obligations survive the release

5. Third Party Rights: Required when the release affects rights of third parties not party to the deed

6. Partial Release: Used when only certain rights or portions of property are being released while others are retained

Suggested Schedules

1. Property Description Schedule: Detailed legal description of the property including lot numbers, boundaries, and title details

2. Rights Being Released: Itemized list of specific rights, interests, or claims being released

3. Original Documents: List and/or copies of original documents creating the rights being released

4. Land Office Particulars: Details required for registration with the Land Office

5. Plans and Maps: Property plans, maps or drawings if relevant to identifying the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



























Clauses

























Relevant Industries

Real Estate

Banking & Finance

Construction

Property Development

Legal Services

Investment & Fund Management

Housing Development

Commercial Property

Industrial Property

Agriculture

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretarial

Land Administration

Contract Administration

Property Development

Risk Management

Operations

Relevant Roles

Property Lawyer

Real Estate Manager

Legal Counsel

Property Development Manager

Land Administrator

Compliance Officer

Contract Manager

Property Rights Officer

Title Officer

Corporate Lawyer

Property Transaction Manager

Real Estate Director

Legal Director

Land Registry Officer

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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