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The Deposit Release Form (Real Estate) is a crucial document in Philippine property transactions, used when parties need to formally authorize the release of deposit funds held in connection with a real estate purchase or lease agreement. This document becomes necessary upon satisfaction of conditions specified in the original transaction agreement, such as completion of due diligence, fulfillment of contingencies, or reaching specific milestone dates. The form must comply with Philippine legislation, including the Real Estate Service Act, Civil Code provisions, and banking regulations. It typically includes detailed information about the original transaction, parties involved, deposit amount, release conditions, and payment instructions. The document serves both as a legal authorization for fund release and as an audit trail for the transaction, protecting the interests of all parties involved and ensuring compliance with local property laws and financial regulations.

1. Header Information: Date, document title, and reference numbers of the original transaction

2. Parties: Full legal names and addresses of all parties involved (depositor, recipient, and any escrow agent or bank holding the deposit)

3. Background: Brief description of the original transaction, when the deposit was made, and purpose of the deposit

4. Definitions: Key terms used in the document including 'Deposit', 'Property', 'Transaction Agreement', etc.

5. Deposit Details: Specific amount of deposit to be released, account details, and original deposit reference

6. Release Authorization: Clear statement authorizing the release of the deposit, including the basis for release

7. Release Instructions: Specific instructions for the release including payment method and timing

8. Representations and Warranties: Statements confirming the authority to release the deposit and that all conditions have been met

9. Execution: Signature blocks for all required parties with attestation