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RelinquishmentDeed

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.

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Relinquishment Deed Overview

A relinquishment deed would be created and registered for enabling the co-owners to legally transfer their property's share to another co-owner of the property. The co-owners of a joint Hindu property can give up their right in this immovable asset by relinquishing their ownership.The requirement for creating a release deed would typically arise when an owner of the property dies intestate without leaving a will, and the legal heirs of the property would decide to give up their right in the concerned property to any of the co-owners of the property.

What Are The Benefits of Relinquishment Deed?

(1) Secure transfer if no Will.

(2) Seamless transfer.

(3) Other Heirs.

What is the Process of Relinquishment Deed?

The draft relinquishment deed would commence from when the required information is shared by the client. Once the information is shared, lawyers are assigned to the respective client and they stay in touch with him/her through mobile or email.

(1) First draft in 3-4 working days.

(2) Two iterations followed by the First Draft at the Client's convenience.

Documents Required For Relinquishment Deed?

(1) Registered Documents.

(2) Legal Documents of the Property.

(3) Co-owners Details.

(4) Particulars required for a Release Deed.

(5) Name of the Releasor, Age, Address.

(5) Name of the Releasee, Age, Address.

(6) Property description.

(7) Aadhar Card, ID Proofs, like Driver License, Passport, etc.

(8) PAN card of both the parties for the execution of Deed of Relinquishment.

(9) You will require two witnesses at the time of execution of Relinquishment Deed.

(10) Other Agreements which you might have entered into concerning the property.

FAQs

(1) What is Relinquishment deed?

(2) What are the documents required for a relinquishment deed?

(3) Who needs to sign the relinquishment deed?

(4) Where to approach to cancel the deed?

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