Deed Of Release Of Covenant

Deed Of Release Of Covenant Template for United States

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"I need a Deed of Release of Covenant to remove building height restrictions on my commercial property at 123 Business Avenue, as the local zoning laws have changed and the original covenant from 2010 is no longer relevant."

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What is a Deed Of Release Of Covenant?

The Deed of Release of Covenant is utilized when property owners need to remove existing restrictions or obligations that were previously placed on their property. This document is particularly important in real estate transactions where existing covenants may impede property development, sale, or use. Under U.S. property law, the deed must be properly executed and recorded to effectively release the covenant. It typically includes specific property descriptions, clear release language, and proper notarization. The document is commonly used when development restrictions are no longer necessary, when property use changes, or when modernizing outdated restrictions.

What sections should be included in a Deed Of Release Of Covenant?

1. Parties: Identification of grantor (releasing party) and grantee

2. Background: Details of original covenant and reason for release

3. Definitions: Key terms used in the deed

4. Property Description: Legal description of affected property

5. Release Statement: Formal release language of the covenant

6. Execution: Signature blocks and notarization

What sections are optional to include in a Deed Of Release Of Covenant?

1. Consideration: Details of any payment or consideration for the release - used when release is given in exchange for payment

2. Partial Release: Specific details if only part of covenant is being released - used when only releasing portion of original covenant

3. Representations and Warranties: Statements about authority to release - used when additional assurance of authority is needed

What schedules should be included in a Deed Of Release Of Covenant?

1. Schedule A - Property Description: Detailed legal description of property

2. Schedule B - Original Covenant: Copy or reference to original covenant being released

3. Schedule C - Survey/Plans: Property surveys or plans if relevant to release

4. Appendix 1 - Supporting Documents: Any additional documentation supporting release authority

Authors

Alex Denne

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

alex.den.21@genieai.co

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