Relinquishment deed is needed if you want to give up your rights in an inherited parental property for another legal heir.
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A Relinquishment Deed helps secure an immovable property from its inherited
owner and pass it on to another legal heir, in the event of the owner 's death.
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The first draft will be shared with you in four days
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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.
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.
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:
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.
Here are the main documents required for the relinquishment deed:
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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.
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