Securely Transfer Property Rights
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Relinquishment Deed
Relinquishment Deed Drafting with a detailed consultation with the expert Lawyer.
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What is the Relinquishment Deed?
A Relinquishment Deed is a legal document used to transfer or relinquish one’s rights or interest in a property. It is commonly used in cases involving joint ownership or inheritance, where one or more co-owners or heirs voluntarily surrender their share or claim in the property.
The deed outlines the details of the relinquishing party, the property being relinquished, and the rights or shares being transferred. It establishes a clear legal record of the transfer and helps in updating property ownership records.
A Relinquishment Deed is typically executed when all parties involved agree to the transfer and sign the document in the presence of witnesses. It requires proper stamp duty payment and registration as per the applicable laws and regulations.
By executing a Relinquishment Deed, the relinquishing party effectively releases their legal rights, title, and interest in the property. This allows the remaining co-owners or heirs to have exclusive ownership or control over the property without any disputes or conflicting claims.
Contents of Relinquishment Deed
Identification of Parties: Names, addresses, and details of the relinquishing party and the recipient party.
Description of Property: Clear identification and description of the property being relinquished, including its address, boundaries, and any relevant registration or survey numbers.
Relinquishment Clause: A statement explicitly declaring the intention of the releasor to relinquish their rights, title, and interest in the property.
Consideration Clause: Details regarding any consideration (financial or otherwise) exchanged between the parties as part of the relinquishment.
Rights and Shares: The specific rights, shares, or interests being relinquished by the releasor, clearly mentioning the extent of their surrender.
Encumbrances: Disclosure of any existing encumbrances, mortgages, or liens on the property being relinquished.
Declaration and Undertaking: A declaration by the releasor stating that they have full legal authority to execute the Relinquishment Deed and an undertaking that they will not create any further claims or disputes over the property.
Signatures and Witnesses: Signatures of the releasor, releasee, and witnesses, indicating their acknowledgment and acceptance of the contents of the Relinquishment Deed.
Stamp Duty and Registration: Details of the stamp duty paid and registration requirements as per the applicable laws and regulations.
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FAQs
A Relinquishment Deed is typically required in cases involving joint ownership or inheritance, where one or more co-owners or heirs voluntarily surrender their share or claim in the property.
Yes, a Relinquishment Deed is different from a Sale Deed. A Sale Deed is used to transfer ownership in exchange for monetary consideration, while a Relinquishment Deed is used to voluntarily surrender one’s rights without any consideration.
In certain circumstances, a Relinquishment Deed can be challenged or revoked, such as if it is proved to be executed under duress, fraud, or coercion. It is advisable to seek legal advice to understand the specific grounds for challenging a Relinquishment Deed.
Yes, a Relinquishment Deed can be executed for a specific portion of a property, clearly stating the share or rights being relinquished by the concerned party.
Yes, a Relinquishment Deed can be utilized to settle disputes related to property ownership by voluntarily surrendering rights, shares, or claims in favor of other co-owners or interested parties.
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Relinquishment Deed
Drafting & Consultation
₹6500
₹ 18999
(65% Off) ₹13499
Gross Total
₹6500
Starts from
Deliverables *
a) Detailed discussion with the Lawyer to understand the business model.
b) India’s best Franchsie Agreemet expert shall draft your agreement.
c) Delivery of the first draft in just three days.
d) Up to two iterations to accomodate your suggestions.
