Deed of release: for a debenture or mortgage—single company security provider—full or partial release


Published by a UUÂãÁÄÖ±²¥ Banking & Finance expert
Precedents

Deed of release: for a debenture or mortgage—single company security provider—full or partial release


Published by a UUÂãÁÄÖ±²¥ Banking & Finance expert

Precedents
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This Deed is made on [insert day and month] 20[insert year]

Parties

  1. 1

    [insert name of Lender] of [insert address] (the Lender); and

  1. 2

    [insert name of Chargor] a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Chargor)

Recitals

    1. (A)

      In accordance with a [Debenture OR Mortgage] dated [insert date] (the [Debenture OR Mortgage]) the Chargor charged the [Charged Property OR Assets] (see below for definitions) in favour of the Lender.

    1. (B)

      [In consideration of payment of the sum of £[insert amount] to the Lender by or on behalf of the

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Jurisdiction(s):
United Kingdom
Key definition:
Deed definition
What does Deed mean?

Deeds are written agreements but differ from contracts in that the limitation period is 12 years and consideration is not required. There are very few categories of transactions that require execution by deed but they are transfers of land, leases, mortgages and charges, sales by mortgagees, appointments of trustees, powers of attorney and gifts.

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