A Release Deed is a legal document used to relinquish or transfer one's interest or rights in a property to another party. It is commonly employed in situations where there is a need to release a claim, right, or interest in a property, such as when a mortgage is paid off or when one party wishes to transfer their share of ownership to another. The document typically outlines the details of the transaction, including the names of the parties involved, a description of the property, and the specific rights or interests being released. Once signed and executed, a Release Deed legally extinguishes the releasor's rights in the property, transferring them to the releasee. It's crucial to ensure that the Release Deed complies with all legal requirements and is properly executed to avoid any future disputes or challenges to the transfer of rights. Consulting with a legal professional is advisable to draft and execute a Release Deed accurately.