Relinquishment Deed

Relinquishment Deed India - An Overview

A legal heir can give up their legal claim to inherited property in favour of other heirs by signing a relinquishment deed. When a person passes away without a will, the relinquishment document transfers title, and the legal heir (through inheritance) must renounce their shares in favour of another legal heir, or co-owner of the same property, if there are any. Transferring a relinquishment deed requires either consideration or no consideration. However, the parties involved must be co-owners of the property for the transfer to qualify as a release or deed of relinquishment.

Benefits of a Relinquishment Deed

• A relinquishment deed provides for seamless transfer of property when it is jointly owned.
• A relinquishment deed helps in the transfer of property, in the event of a death and no will has been written by the deceased individual (or intestate).
• A relinquishment deed allows a legal heir to transfer ownership of his/her inherited property to other legal heirs.

Checklist for a Relinquishment Deed

Legal Document: It is considered to be a legally binding document, and hence used to relieve the legal rights of an heir from an inherited property relinquishment deed to another heir.

Registered Document: It must be registered under section 17 of the 1908 registration act, to be considered as a legally valid document.

A Written Document: It must be a written document signed by the parties involved, in the presence of two witnesses.

Co-owners: It can only be used to transfer rights to an inherited property relinquishment deed among co-owners, and not to a third party.

Relinquishment Deed Registration Procedure

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.

The charges paid by the client are inclusive of the following:

• First draft in 3-4 working days.
• Two iterations followed by the First Draft at the Client's convenience.

Timeline for the First Draft of Relinquishment Deed India

It takes approximately 3-4 working days to deliver the first draft of the Relinquishment Deed Registration. However, it can also be delivered within 24 hours, on a priority basis, for which additional charges are applicable.

How Can We Help In Drafting A Deed of Relinquishment

• The deed of relinquishment is prepared by an assigned legal representative from Vakilsearch
• The deed of relinquishment is registered under section 17 of the 1908 registration act, to make it legally valid.
• A stamp paper is purchased and used for the relinquishment deed registration procedure
• The Vakilsearch’s legal representative will coordinate with the Sub-Registrar’s office to secure a date for the registration process. The registration fee is also paid.
• The parties involved in the relinquishment process arrives at the Sub-Registrar’s office to sign the deed of relinquishment, along with two witnesses.

Documents Required for Obtaining a Relinquishment Deed

Here are the main documents required for the relinquishment deed:

• Legal Documents of the Property
• Registered Documents
• A Written Document Stating Intention
• Co-owners Details
• Particulars required for a Release Deed
• Name of the Releasor, Age, Address
• Name of the Releasee, Age, Address
• Property description
• Details on consideration, if any.
• Aadhar Card, ID Proofs, like Driver License, Passport, etc
• PAN card of both the parties for the execution of Deed of Relinquishment
• You will require two witnesses at the time of execution of Relinquishment Deed
• Other Agreements which you might have entered into concerning the property
• Other materials may be needed according to state requirements.

Why Vakilsearch

Vakilsearch is one of the platforms which coordinate to fulfil all your legal requirements and connect you to the most efficient legal experts. We have over 50k+ companies who are our regular clients. Since our focus is on seamless and easy legal procedure, we are always growing with each passing day with your support.

The clients can always track the progress of any service they choose on our platform. If you have any questions about the Relinquishment Deed for the registration process, our experienced legal advisors are always available with our services. Vakilsearch also ensures that the procedure of relinquishment deed happens in no-time so that clients need not stay in the waiting phase. We also check the documents thoroughly before submitting them and let you know each step of the process.