Jurisdiction(s):
United Kingdom

Key definition

Deed definition

What does Deed mean? In practice, a deed is a formally executed instrument used to give binding effect to transactions where statute requires extra formality or the parties wish to avoid the need for consideration. In England and Wales, and broadly in Northern Ireland, statute prescribes that a deed must be in writing, state on its face that it is executed as a deed, be signed and witnessed, and be delivered; companies execute as a deed under Companies Act procedures. No consideration is required, and the limitation period for actions on a deed is 12 years. In Ireland, a deed is a specialty; similar

Deed of Release and Reassignment (Full or Partial) of Security under Debenture or Mortgage—Single Company Chargor—England and Wales

Published by a LexisNexis Banking & Finance expert

Precedents

This Deed is dated [ insert day and month ] 20[ insert year ]

Parties

[ insert name of Lender ] of [ insert address ] (the Lender); and
[ insert name of Chargor ], a company incorporated in England and Wales with registered number [ insert company number ], whose registered office is at [ insert address ] (the Chargor)

Recitals

Pursuant to a [ Debenture OR Mortgage ] dated [ insert date ] (the [ Debenture OR Mortgage ]), the Chargor granted a charge over the [ Charged Property OR Assets ] (as defined below) in favour of the Lender.
[ In consideration of payment of £[ insert amount ] to the Lender by or on behalf of the Chargor, the Lender has agreed to discharge the [ Charged Property OR Assets ] from the [ Debenture OR Mortgage ]. ]

The parties agree:

1 Definitions and interpretation

1.1 Except where otherwise stated, the words and expressions used in, and the interpretation of, this Deed shall be as set out in the [ Debenture OR Mortgage ]...

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Web page updated on 22/05/2026

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