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Release letter is a formal letter that is issued to inform that the employee has been released from his/her duties. Release letter can be issued either if the employer gets dissatisfied with the employee services or when the expiry contract period happens.
A release form, or general release form, is a legal document that serves as consent in writing to release the legal liability of a releasee by a releasor. The document is a formal acknowledgment that, once signed, is a legal release of all a releasee obligations within an agreement.
A release deed would typically be executed at a time when your home loan provider grants you a legal certificate that you have fully paid your loan and the lender is freeing the collateral submitted as a security against the loan. An individual can also give up his right in a property through this instrument.
3. You need not worry. You will simply need to file a miscellaneous application in the pending matter initiated by the bank, for a direction to the bank by the court to release the originals of the house whose loan is completely foreclosed by the bank together with all interes and penalties.
Release deed has to be on stamp paper. in Maharashtra for release /gift deed to be executed in favour of family members it has to be on stamp paper of Rs 500 . release deed has to be registered with sub registrar office within whose jurisdiction the property is situated. it is not required to be notarised.12-Apr-2022