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Deed Of Release Property Template for Singapore

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Key Requirements PROMPT example:

Deed Of Release Property

"I need a Deed of Release Property to formally release my interest in a residential property in Singapore following a divorce settlement, with the transfer to be completed by March 2025 and including special provisions for mortgage clearance with DBS Bank."

Document background
A Deed of Release Property is commonly used in Singapore when one party needs to formally relinquish their rights or interests in a property. This document is essential in situations such as divorce settlements, family property arrangements, or releasing security interests after loan repayment. The deed must comply with Singapore's strict property law requirements and typically includes detailed property descriptions, terms of release, and proper execution formalities. It's a crucial document for providing clear title and preventing future property disputes.
Suggested Sections

1. Parties: Details of the Releasor and Releasee, including full legal names and addresses

2. Background: Context of the property and circumstances leading to release, including relevant history

3. Definitions: Key terms used in the deed including Property, Release Date, Encumbrances, etc.

4. Property Details: Full legal description of the property being released, including lot number, title details, and address

5. Release Provisions: Specific terms of the release and discharge, including the scope of release and effective date

6. Consideration: Details of any payment or consideration for the release, if applicable

7. Execution: Formal execution requirements, witness details, and attestation clauses as per Singapore law

Optional Sections

1. Mortgage Details: Required if property is subject to mortgage, including mortgagee consent and discharge terms

2. Third Party Consents: Consents from other interested parties such as tenants or easement holders

3. Tax Provisions: Special tax considerations or arrangements including stamp duty declarations

Suggested Schedules

1. Property Schedule: Detailed property description including title details, bouNDAries, and any easements

2. Title Documents: Copies of relevant title documents and certificates of title

3. Prior Encumbrances: List of any existing encumbrances on the property to be addressed in the release

4. Payment Schedule: If applicable, details of any payment arrangements or consideration structure

Authors

Alex Denne

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

Relevant legal definitions





























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Industries

Land Titles Act (Chapter 157): Primary legislation governing registered land in Singapore, dealing with the registration and transfer of titles to land

Registration of Deeds Act (Chapter 269): Legislation governing the registration of deeds and instruments affecting land in Singapore

Conveyancing and Law of Property Act (Chapter 61): Key legislation governing property transactions and transfers, including rules for conveying and transferring real estate

Housing and Development Act (Chapter 129): Legislation governing public housing (HDB) properties, relevant if the property is an HDB unit

Residential Property Act (Chapter 274): Controls the purchase of residential properties by foreign persons and entities in Singapore

Property Tax Act (Chapter 254): Legislation governing taxation of property and real estate in Singapore

Stamp Duties Act (Chapter 312): Governs stamp duties payable on property transactions, including additional buyer's stamp duty and seller's stamp duty

Civil Law Act (Chapter 43): General legislation affecting civil matters including property law and contract law principles

Singapore Land Authority Requirements: Regulatory requirements and guidelines set by SLA for property transactions and land management

Singapore Law Society Conveyancing Practice Rules: Professional guidelines and requirements for lawyers handling property transactions in Singapore

MAS Guidelines: Monetary Authority of Singapore guidelines applicable when financial institutions are involved in property transactions

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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