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.
2547 People purchased
Relinquishment Deed
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.
2547 People purchased
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Relinquishment deed drafting in Chikmagalur
Are you considering relinquishing your property rights in favour of your family members? It's important to ensure that the process is legally sound and well-documented. With Legalkart, you can get your Relinquishment Deed drafted by experienced legal professionals in Chikmagalur giving you the peace of mind you need throughout the entire process. Our team at Chikmagalur will work with you to ensure that your rights are protected, and that the final document meets all legal requirements. So why take a risk with such an important legal matter? Trust Legalkart to help you navigate the complexities of the process and get your relinquishment deed drafted with confidence. Every 10th person in Chikmagalur trusts LegalKart for its legal needs.
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.
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.
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Property Documents
Relinquishment Deed
₹6499
₹ 11999 (45% Off) ₹5500 SaveGross Total
₹6499
Deliverables *
a) Detailed call with the Lawyer on Relinquishment Deed
b) Best in Class drafting of the Relinquishment Deed.
We Accept
Frequently Asked Question
What is relinquishment deed?
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.
Can an unregistered relinquishment deed be used in a property transaction?
No, It must be registered in court to be legally valid
In which kind of property a relinquishment deed can be done?
A Relinquishment deed can be created only in cases of inherited properties.
What our users have to say
Great documentation service. Perfect advice. I recevied first draft in just 2 days. Registration of the deed happened as per my convenience. Thank you LegalKart
Gulzar, Manager, Business Development, Flipkart, Bangalore
I am so thankful for LegalKart's timely advice on the deed which, I was not aware of and we were in dire need to money. We had a family property and my brother expired two year back. I was struggling to sell it. But with LegalKart, not only the ontime advice helped me understand the requirement of the deed. I got it drafted and registered with their help. Cordial support system and easy process.
Kumar Mahto, Salaried Employee at Hindalco, Renukoot
Our Clients
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.
2547 People purchased
Property Documents
Relinquishment Deed
₹6499
₹ 11999 (45% Off) ₹5500 SaveGross Total
₹6499
Deliverables *
a) Detailed call with the Lawyer on Relinquishment Deed
b) Best in Class drafting of the Relinquishment Deed.