Deed of Release
The Deed of Release is an official guidance template for recording a releasor’s transfer of a 1/2 undivided share in inherited land and a building to a releasee, who already holds the remaining 1/2 share. The supplied text does not identify an issuing department, order number or issue date.
What the Deed of Release covers
The Deed of Release is designed for a family property situation involving a releasor and a releasee. It records that their father bought the property with his own funds under a registered sale deed and held it as the sole owner. After the father died without a will, a legal heirship certificate identified his wife, the releasor and the releasee as legal heirs. The template then states that the mother died and the releasor and releasee became owners of the property.
The supplied text does not identify an issuing department, order number or issue date. It contains blank spaces for the execution place, execution date, names, identification details, property information and supporting document details.
Who is affected
The Deed of Release directly concerns:
- The releasor, who gives up the stated 1/2 undivided share.
- The releasee, who receives that share in addition to an existing 1/2 share.
- Their heirs, legal representatives, executors, administrators and assigns, who are included within the template’s definitions of releasor and releasee.
- Anyone examining ownership of the land and building described in the property schedules.
The stated reason for the release is that the property cannot be enjoyed jointly and that the releasor is acting out of love and affection towards the releasee.
Key provisions
The Deed of Release provides for:
- Schedule A to describe the total property.
- Schedule B to describe the property released, namely a 1/2 undivided share of the land and building forming part of Schedule A.
- The releasee to hold the released share together with the releasee’s existing 1/2 share as absolute owner.
- The releasor to make no further claim or demand over the released share.
- The releasor to complete further acts or deeds requested and consented to by the releasee when needed to confirm the releasee’s rights.
- A declaration by the releasor that the released property is not subject to pending proceedings or attachment by a court, corporation or revenue authority.
- The releasee to apply for mutation in the revenue records as absolute owner.
- The released property value to be entered in the document.
The template concludes with the releasor’s signature and requires the execution day, month and year to be entered.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
What share does the releasor give up under this deed?
The template records the release of a 1/2 undivided share of the land and building described in Schedule A. The released share is separately identified in Schedule B.
Does the releasee become the full owner under the template?
Yes. The template states that the releasee will hold the released 1/2 share together with the releasee’s existing 1/2 share as absolute owner.
Can the releasee change the revenue records after the release?
The template states that the releasee may effect mutation in the revenue records in the releasee’s name as absolute owner of the released property.
Does the template confirm that the property has no pending case or attachment?
It includes a declaration by the releasor that the Schedule B property is not subject to pending proceedings under Central or State statutes or attachment by a court, corporation or revenue authority.
