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Mortgage Release Deed Template for Indonesia

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Key Requirements PROMPT example:

Mortgage Release Deed

"I need a Mortgage Release Deed for a residential property in Jakarta, where Bank Central Asia has agreed to release their mortgage following full repayment of the home loan in January 2025."

Document background
The Mortgage Release Deed (Surat Roya Hak Tanggungan) is a crucial document in Indonesian property law that formally terminates a mortgage right over a property. It is required when a borrower has fully repaid their loan or satisfied all obligations under a mortgage agreement, and the lender agrees to release their security interest in the property. The deed must comply with Indonesian law, particularly Law No. 4 of 1996 on Mortgage Rights and related regulations, and must be executed in notarial form. This document includes specific details about the property, the original mortgage, confirmation of loan repayment, and formal declarations required by law. Once executed, it must be registered with the Land Office to officially remove the mortgage notation from the property's certificate, allowing the property owner to deal with the property free from the previous encumbrance.
Suggested Sections

1. Title and Date: Formal title of the deed and date of execution

2. Parties: Identification of the mortgagee (usually a bank or financial institution) and mortgagor, including their full legal names, addresses, and authority to act

3. Recitals: Background information including details of the original mortgage, the underlying loan agreement, and confirmation of loan repayment

4. Definitions: Key terms used in the deed including reference to the Property, Mortgage, and Original Loan Agreement

5. Declaration of Release: Formal declaration that the mortgage is fully released and discharged

6. Property Details: Complete description of the mortgaged property including certificate number, location, and boundaries

7. Mortgage Details: Details of the mortgage being released including registration number and date

8. Authority to Register: Authorization for the release to be registered with the land office

9. Execution: Formal execution block including notary's attestation

Optional Sections

1. Power of Attorney: Required when either party is represented by an attorney-in-fact

2. Corporate Authorization: Required when either party is a corporation, detailing the corporate approvals obtained

3. Partial Release Declaration: Required when only part of the mortgaged property is being released

4. Surviving Mortgages: Required when there are other mortgages that remain in effect on the property

5. Consideration: Required when there is a payment or consideration for the release beyond loan repayment

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including measurements and boundaries

2. Original Mortgage Details: Copy or extract of the original mortgage registration details

3. Power of Attorney: If applicable, copy of power of attorney authorizing representatives to act

4. Corporate Resolutions: If applicable, relevant corporate authorizations and resolutions

5. Payment Confirmation: Evidence of loan repayment or satisfaction of mortgage conditions

Authors

Alex Denne

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

Relevant legal definitions
























Clauses


















Relevant Industries

Banking & Financial Services

Real Estate

Property Development

Legal Services

Construction

Housing Finance

Commercial Property

Residential Property

Agriculture (for agricultural land)

Industrial Property

Relevant Teams

Legal

Property Administration

Credit Administration

Mortgage Operations

Real Estate

Risk Management

Compliance

Corporate Secretariat

Loan Operations

Property Management

Relevant Roles

Legal Counsel

Property Lawyer

Mortgage Officer

Credit Manager

Real Estate Manager

Property Officer

Loan Officer

Compliance Officer

Risk Manager

Title Officer

Bank Manager

Property Administrator

Legal Administrator

Corporate Secretary

Real Estate Director

Industries






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