Security Release Form Template for England and Wales

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Key Requirements PROMPT example:

Security Release Form

"I need a Security Release Form to discharge a mortgage charge over a commercial property in Manchester, following full repayment of the loan, with the release to take effect from 15 March 2025."

Document background

The Security Release Form is a crucial document in English and Welsh jurisdictions, typically employed when a secured obligation has been satisfied or when parties agree to discharge a security interest. This form serves as formal evidence of the release and can be used to update relevant registries, such as Companies House. The document includes specific details about the security being released, the parties involved, and the effective date of release. It's particularly important in financial transactions where clear documentation of security discharge is required for legal certainty and future dealings with the assets.

Suggested Sections

1. Details of Security Being Released: Specific identification of the security interest being discharged including relevant registration numbers, dates, and asset descriptions

2. Parties' Information: Full legal names, registered addresses, and registration numbers (if applicable) of the security holder and releasor

3. Release Statement: Formal statement declaring the full and unconditional release and discharge of the security interest

4. Effective Date: Clear specification of when the release becomes effective and binding on all parties

5. Execution Block: Formal signature blocks for all parties including witness requirements where necessary

Optional Sections

1. Partial Release Provisions: Detailed provisions specifying which portions of security are being released while maintaining other securities intact

2. Conditions Precedent: Specific conditions that must be satisfied before the release becomes effective

3. Representations and Warranties: Statements confirming authority to release security and status of security interest

4. Governing Law and Jurisdiction: Specification of applicable law and courts having jurisdiction over any disputes

Suggested Schedules

1. Schedule 1 - Released Assets: Comprehensive list of all assets being released from security including full legal descriptions and identifying details

2. Schedule 2 - Original Security Documents: List of all security documents being discharged including dates and parties

3. Schedule 3 - Required Filings: Details of all registrations that need to be updated or withdrawn including relevant filing offices and deadlines

Authors

Alex Denne

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

alex.den.21@genieai.co

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Lien Release Request Letter

A formal request letter used in England and Wales to obtain the release of a lien following debt satisfaction.

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Authors

Alex Denne

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