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The Discharge Of Mortgage Letter is a crucial document in Nigerian property transactions that formally terminates a mortgage agreement after full repayment. It is required under Nigerian law to clear the title of the property and remove the mortgage encumbrance from official records. The document becomes necessary when a mortgagor has fulfilled all financial obligations under a mortgage agreement and seeks to have the property title cleared. The letter must comply with the Land Use Act 1978, state-specific property laws, and registration requirements. It typically includes confirmation of full payment, property details, original mortgage reference, and authorization for the land registry to remove the mortgage from the property's title. This document is essential for subsequent property transactions as it evidences that the property is free from mortgage encumbrances.

1. Letter Header and Date: Contains sender's details, recipient's details, and date of the letter

2. Mortgage Reference Details: Reference number and date of the original mortgage, names of mortgagor and mortgagee

3. Property Identification: Clear identification of the mortgaged property being discharged

4. Confirmation of Payment: Statement confirming that all sums due under the mortgage have been paid in full

5. Discharge Declaration: Formal declaration that the property is released from the mortgage

6. Return of Title Documents: Confirmation of return of original title documents to the mortgagor

7. Authorization for Registration: Authorization for the discharge to be registered at the relevant land registry

8. Execution Block: Space for signatures, names, and designations of authorized signatories