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Release Of Mortgage Document
"I need a Release of Mortgage Document under Saudi Arabian law for Al Rajhi Bank releasing their security interest in my residential property in Riyadh, following full repayment of the mortgage on January 15, 2025."
1. Heading and Date: Document title, date of execution, and reference number of the original mortgage
2. Parties: Full legal names and details of the Mortgagee (lender) and Mortgagor (borrower), including their official identification numbers and addresses
3. Recitals: Background information including the original mortgage details, property description, and confirmation that all obligations have been fulfilled
4. Definitions: Key terms used in the document, including references to the original mortgage agreement and property details
5. Release Declaration: Formal statement releasing the mortgage and relinquishing all rights and interests in the property
6. Property Description: Detailed legal description of the mortgaged property, including title deed number and location details
7. Authority to Register: Authorization for the relevant authorities to record the release in official records
8. Governing Law: Confirmation that the document is governed by Saudi Arabian law and Sharia principles
9. Execution: Signature blocks for all parties and required witnesses
1. Further Assurance: Additional clause where the mortgagee agrees to execute any further documents necessary to effect the release, used when dealing with complex property arrangements
2. Return of Original Documents: Section confirming the return of original mortgage documents, used when physical documents need to be returned
3. Power of Attorney: Required when the release is being executed by an authorized representative rather than the primary party
4. Outstanding Payments Confirmation: Declaration confirming no outstanding payments are due, used in cases where there might be doubt about full settlement
1. Schedule 1 - Property Details: Comprehensive legal description of the property including boundary details, title information, and any relevant survey references
2. Schedule 2 - Original Mortgage Details: Details of the original mortgage agreement including date, parties, and registration information
3. Appendix A - Required Government Forms: Any statutory forms required by Saudi Arabian authorities for mortgage release registration
4. Appendix B - Supporting Documents: List of accompanying documents such as payment receipts, clearance certificates, or other relevant evidence
Authors
Authority
Business Day
Completion Date
Discharge
Effective Date
Encumbrance
Land
Mortgage
Mortgage Agreement
Mortgaged Property
Mortgagee
Mortgagor
Original Mortgage
Parties
Property
Register
Registration Authority
Release
Release Date
SAMA
Security Interest
Title Deed
Property Description
Relevant Authority
Islamic Finance Agreement
Regulatory Requirements
Sharia Principles
Secured Obligations
Title Documents
Recitals
Definitions
Release Declaration
Property Description
Original Mortgage Reference
Payment Confirmation
Release of Security Interest
Registration Authorization
Further Assurance
Representations and Warranties
Governing Law
Sharia Compliance
Execution
Notarization
Documentation Return
Authority to Act
Notices
Counterparts
Language
Banking
Real Estate
Financial Services
Islamic Finance
Property Development
Legal Services
Mortgage Services
Construction
Housing Development
Legal
Real Estate
Mortgage Operations
Compliance
Documentation
Property Services
Islamic Banking
Risk Management
Customer Service
Mortgage Officer
Real Estate Lawyer
Property Manager
Banking Officer
Legal Counsel
Compliance Officer
Real Estate Agent
Property Developer
Financial Manager
Islamic Finance Specialist
Loan Officer
Title Officer
Real Estate Transaction Manager
Documentation Specialist
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