Document background
A Deed of Partial Release is a crucial document in Indian property and financing transactions where a lender agrees to release their security interest over a portion of mortgaged or charged property while retaining security over the remainder. This document is commonly used when borrowers seek to free up specific assets from a larger security package, perhaps for sale or development, while maintaining the original financing arrangement for other properties. The deed must comply with Indian legal requirements, including those under the Transfer of Property Act, Registration Act, and applicable stamp duty laws. It includes detailed descriptions of both the released and retained properties, terms of release, and necessary representations and warranties. This document type is particularly relevant in scenarios involving multiple properties under a single charge or when development projects are completed in phases.
