Release Deed Registration
A Release Deed or Deed of Release is a legal document for removing the previous claim of a party on an asset and provides documentation of release in a binding agreement. It is generally used by a lender for transferring the title of an immovable property to a new homeowner. The Deed of Release removes all the legal rights of the previous from that property.
In other words, we can say Release Deed is a consequential method of transfer of interest in some immovable property. It amounts to the same effect in the form of relinquishment of interest of a person in some immovable property. In case of several persons having interest in the same property any one or more of them may release, relinquish, surrender, transfer and convey his share or interest in favour of others.