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Form LRA 59 - Partial Discharge of Charge

Document Type
DOCX
Pages
2
Price: KES 200
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Document Overview

This is statutory form used by a chargee (e.g., a bank) to discharge part of the land or unit that was charged (mortgaged). The form records the title number, the chargor/chargee, the entry number(s) of the original charge, the portion being released, and includes execution/attestation and registrar’s entry.

Purpose

1. To formally release a defined property/portion from an existing charge without extinguishing the entire security.
2. Typical uses: subdivision sales where the bank releases sold plots; partial repayments tied to specified units; re-arranging security across multiple titles.
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