Legal Definitions - release deed

A release deed is a type of legal document that surrenders full title to a piece of property upon payment or performance of specified conditions. It is a written instrument that is signed, sealed, and delivered, and it conveys some interest in property. A release deed is also known as a deed of release.

For example, if a person owes money to another person and uses their property as collateral, they may sign a release deed to surrender their ownership of the property to the creditor upon repayment of the debt. This releases the debtor from any further obligation to the creditor.

Another example is when a co-owner of a property wants to release their ownership to the other co-owner. They can sign a release deed to transfer their share of the property to the other co-owner.