What is a deed of release?
A Deed of Release is a legal document that is used to release one party from the responsibilities or obligations of a contract or agreement with another. This type of document is commonly used in property law in Massachusetts, primarily when a party wants to relinquish their rights to a piece of property. This type of document is most often used when someone is selling a piece of real estate. When a party signs a Deed of Release, they are stating that they are relinquishing or giving up all of their rights to the property, including any liens or interests they may have had. The document may also need to be signed by any other parties involved, such as prior owners or co-signers of the agreement. Once all parties have signed the Deed of Release, it is considered legally binding and it will be used to transfer ownership of the property or to settle any disputes between the parties involved.
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