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About this document
This document has been drawn to complete relinquishment by "one" future legal heir of a living person who intends to devise succession of a particular property owned/possessed by him in favour of one of his legal heirs within full knowledge of the fact that a Will has also been written by the said owner bequeathing the said property as such. The releaser relinquishes his future rights and interests in a property to be left by the owner in favour of one of the other legal heir or anyone else. Very basic and comprehensive document required to be mandatory registered. Any one wanting to execute or seek a Relinquishment Deed (in futuro) to succeed to or release his share in a property in India, whether residential, commercial or agricultural in the presence of other legal heirs may use this document to complete the formality. This document at times is also defined as Release Deed.
Application and features
- all usual basic provisions to protect the interests of the releasers and releasee;
- explanatory notes to cover every issue including need for stamp duty and registration;
- flexible to suit peculiar situations with minor alterations;
- compliance with existing laws;
- covers all eventualities required to be addressed for Relinquishment of succession rights;
- to own, sell, convey and otherwise deal with property;