
RELINQUISHMENT DEED
Get the Relinquishment Deed drafted from the best property Lawyers
It is a deed drafted and registered so that the co-owners can legally transfer property's share to another co-owner of the property. It is kind of No Objection issued in favour of one of the Co-Owner by the other cor-owners if they want to sell the property.
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Relinquishment Deed
If someone dies without a will i.e., 'intestate'. A relinquishment deed allows hassle-free disposal of the inherited property in the case when there are two or more legal heirs.
A relinquishment deed allows a legal heir to give up his/her legal rights to 'inherited property for the other heirs. When the person dies intestate, it is the relinquishment deed which transfers ownership. The legal heir(s) (by inheritance) will transfer their shares in favour of the co-owner of the property. A relinquishment deed will be assigned for a consideration or without consideration. Most importantly, the parties signing the deed must be co-owners and legal heir of the property for the transfer to be released or relinquished.
How it works?
Share property details
Provide inherited property details, co-owner information, and details of the relinquishing party.
Deed drafting
Our lawyer drafts the Relinquishment Deed specifying the share being released and consideration if any.
Review & stamp duty
Review the deed, calculate stamp duty based on property value and relationship between parties.
Registration & delivery
Deed registered at Sub-Registrar office — the relinquished share is legally transferred.
Contents of Relinquishment Deed
- Property Title Description
- Detail of the Executant And Releasor
- Releasee: The person is known as a releasee who receives the relinquished titles/ rights/share. Attention should be taken to comprise all details like full name, father's/husband's name, and full address.
- Property Details: It is needed to mention all minute details such as a complete address, registration details, survey number, Sub-registrar office details like volume number, book number, office name, etc.
- Purpose: The prime purpose should be mentioned in a relinquishment deed. It can happen that the absolute owner of the whole property died 'intestate.'
- Heir Particulars: All present heirs to that property must be named preferably in a table with details like age, address, details of name/title, and relationship to the deceased 'absolute owner.'
- Share Particulars: The property will be owned by heirs according to the applicable 'Succession Act' if there is no existing will to the creation of the relinquishment deed, the proportion of shares held by each heir up should be stated.
- Relinquishment: The releasors/executants releasing their 'shares in the property', in favor of the releasee, are the most important clause in a relinquishment deed. It should mention that it has been done out of natural love and affection and without any monetary consideration.
- Authorized Signatures: All the releasee and the executants shall sign the document. Before being registered at the specified Sub-registrar office, it must be attested by two witnesses where the property is located.
Why Legitax
- Senior Property Expert Lawyers: We will get your document drafted/reviewed by Senior Expert Property lawyers. You can track the progress of your document on our platform at all times.
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Frequently asked questions
A Relinquishment deed is a legal document created when any co-owners of an inherited property want to give up their rights and claims on the property and transfer it to another co-owner.
No, It must be registered in court to be legally valid
A Relinquishment deed can be created only in cases of inherited properties.