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Deed Of Trust Release Template for Philippines

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Key Requirements PROMPT example:

Deed Of Trust Release

"I need a Deed of Trust Release for my residential property in Manila after completing all mortgage payments to ABC Bank, with the release to be effective March 15, 2025; the trust was originally created in 2015 and the property is valued at 5 million pesos."

Document background
The Deed of Trust Release is a crucial legal instrument in Philippine property and trust law, used when trust property needs to be formally released from trust arrangements. This document becomes necessary when the purposes of a trust have been fulfilled, when conditions for release have been met, or when the trust term expires. The document must comply with Philippine trust and property laws, including the Trust Code of the Philippines (PD 1405) and the Civil Code. A properly executed Deed of Trust Release provides clear documentation of the transfer of trust property, ensures legal compliance, and protects all parties' interests. It typically includes detailed property descriptions, confirmation of fulfilled conditions, and proper execution formalities as required by Philippine law.
Suggested Sections

1. Parties: Identifies all parties involved: the Trustor (creator of the trust), Trustee (current holder of the trust property), and Beneficiary (if applicable)

2. Background: Recites the creation of the original trust, date of trust deed, its registration details, and the circumstances leading to the release

3. Definitions: Defines key terms used in the document, including references to the original trust deed, property descriptions, and relevant dates

4. Trust Property Description: Detailed description of the trust property being released, including all relevant legal descriptions and registration details

5. Declaration of Release: Formal statement releasing the property from the trust, including the legal basis for the release

6. Trustee's Confirmation: Trustee's formal confirmation of the release and statement that all trust conditions have been fulfilled

7. Representations and Warranties: Statements confirming the authority to release the trust and the absence of encumbrances

8. Execution and Attestation: Formal execution requirements including notarization and witness provisions as required by Philippine law

Optional Sections

1. Beneficiary's Consent: Required when the trust deed specifies that beneficiary consent is needed for release

2. Outstanding Obligations: Used when there are remaining obligations that need to be addressed or acknowledged

3. Tax Declarations: Include when specific tax implications need to be addressed or acknowledged

4. Further Assurances: Optional clause committing parties to execute additional documents if needed

5. Governing Law and Jurisdiction: Include when there are cross-border elements or specific jurisdictional requirements

Suggested Schedules

1. Schedule A - Property Details: Comprehensive legal description of the trust property, including lot numbers, boundaries, and technical descriptions

2. Schedule B - Original Trust Deed: Copy or extract of the original trust deed being released

3. Schedule C - Supporting Documents: Copies of relevant certificates, permits, or authorizations supporting the release

4. Schedule D - Property Title: Copy of the current title or registration documents for the trust property

5. Appendix 1 - Release Conditions: Details of conditions that have been met to enable the release

Authors

Alex Denne

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

Relevant legal definitions

























Clauses

























Relevant Industries

Real Estate

Banking and Financial Services

Legal Services

Property Development

Construction

Investment Management

Estate Planning

Corporate Services

Wealth Management

Relevant Teams

Legal

Compliance

Real Estate

Property Management

Trust Administration

Corporate Secretariat

Risk Management

Wealth Management

Document Control

Title and Registration

Relevant Roles

Trust Officer

Property Manager

Real Estate Attorney

Corporate Lawyer

Estate Planning Specialist

Bank Manager

Property Registrar

Compliance Officer

Legal Counsel

Wealth Manager

Title Officer

Notary Public

Trust Administrator

Real Estate Manager

Corporate Secretary

Industries





Teams

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