Form LRA 59 (Partial Discharge of Charge) is a vital land registration document used in Kenya when a lender agrees to release only a specific portion of land or a particular asset from an existing charge, while maintaining the security over the remaining property. This form is jurisdiction-specific to Kenya and is governed by Regulation 74(2) of the Land Registration (General) Regulations, 2017, promulgated under the Land Registration Act, 2012. It is commonly employed in large-scale real estate developments where individual units or sub-plots are sold and need to be cleared of the "mother title's" encumbrance.
This advocate-reviewed template is available for download on wansom.ai and is intended for real estate developers, financial institutions (Chargees), property buyers, and conveyancing advocates. Utilizing Form LRA 59 ensures that the specific "Property Released from Charge" is legally freed from the debt, allowing for the issuance of a clean title to a new purchaser while the lender's interests remain protected over the residual security.
The downloadable template requires the Title Number, the Date of Registration of the original charge, and the specific Entry Number being partially discharged. It features a critical section to define the exact portion of property being released. The document must be executed as a deed, typically by the authorized attorneys of the Chargee (lender). Legal compliance is maintained through a Certificate of Verification under Section 45 of the Land Registration Act, requiring the witnessing of signatures and formal acknowledgement by a legal professional. This ready-to-use template facilitates the efficient management of multi-unit property transactions within Kenya's land registration system.