A relinquishment deed is a legal document that facilitates the transfer of an individual’s share or interest in a property to another co-owner without any consideration
. By executing this deed, the individual voluntarily gives up their rights to the property in favor of the other co-owners, enabling them to become the sole owners. The deed must be registered in court to be legally valid.
The use of a relinquishment deed typically arises when an owner of a property dies without leaving a will. In such cases, the legal heirs of the property may decide to give up their right in the concerned property to any of the co-owners of the property.
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What is a relinquishment deed?
Fayaj
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2023-10-04T11:22:14+00:00 2023-10-04T11:22:15+00:00Comment
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