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Reconveyance Deed

The Reconveyance Deed outlines the agreement between the Mortgagee and Mortgagor regarding the reconveyance of mortgaged property after the Mortgagor has paid off the loan. It confirms that the Mortgagee acknowledges receipt of payment and releases the Mortgagor from any claims related to the mortgage. The deed also states that the Mortgagee has delivered the title deeds back to the Mortgagor.

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kuldeep singh
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415 views2 pages

Reconveyance Deed

The Reconveyance Deed outlines the agreement between the Mortgagee and Mortgagor regarding the reconveyance of mortgaged property after the Mortgagor has paid off the loan. It confirms that the Mortgagee acknowledges receipt of payment and releases the Mortgagor from any claims related to the mortgage. The deed also states that the Mortgagee has delivered the title deeds back to the Mortgagor.

Uploaded by

kuldeep singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as RTF, PDF, TXT or read online on Scribd
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RECONVEYANCE DEED

This Indenture made at……………..this……………..day of....................20………between A, son


of……………..resident of..................... , hereinafter called the Mortgagee of the ONE
PART and B, son of……………..resident of……………..hereinafter called the Mortgagor of the
OTHER PART.

WHEREAS the Mortgagor mortgaged in favour of the Mortgagee the property described in the
Schedule hereunder written, by an Indenture of Mortgage dated the…………….. day of…
20……………..registered in the Office of Sub-Registrar of Assurances...................under Serial
No …………….. of 20……………..under date.....................to secure a loan of Rs… . lent
by the Mortgagee to the Mortgagor.

AND WHEREAS the Mortgagor has paid a sum of Rs ……………..on account of principal and
interest thereon payable under the said Mortgage and willing to pay the balance of Rs .
……………..for redemption of the mortgage.

NOW THIS DEED WITNESSETH THAT in consideration of the payment of Rs . ………… to the
Mortgagee by the Mortgagor paid in full of the principal sum and interest due and owing to the
mortgagee on the security of the said Indenture of the Mortgage (the receipt whereof the
Mortgagee doth hereby admit and acknowledge and of and from the same doth hereby acquit,
release and forever discharge the Mortgagor), the Mortgagee doth hereby retransfer and
reconvey to the Mortgagor all that the said mortgage property, more particularly described in the
Schedule hereto, to have and hold the same unto the Mortgagor absolutely and free from
encumbrances of any kind whatsoever and discharged from all claims, demands and rights of
the Mortgagee under the said mortgage and the Mortgagee hereby covenant with the Mortgagor
that he has not done or knowing or willingly suffered or been party or privy to any act, deed or
thing whereby or by reason of means whereof the said mortgaged property hereby
reconveyed or retransferred or intended so to be or any of them or any part thereof may or shall
be impeached, affected or encumbered in title, estate or otherwise howsoever.

AND THE MORTGAGEE HEREBY DECLARES AND CONFIRMS that he has delivered the title
deeds in respect of the mortgaged property and the Deed of Mortgage to the Mortgagor.

IN WITNESS WHEREOF, the said Mortgagee has hereunto set his hand the day and year first
hereinabove written.

The Schedule above referred to

WITNESSES

1 Signed and delivered by the withinnamed Mortgagee

2.

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