WHETHER RELINQUISHMENT DEED IS APPLICABLE ONLY FOR INHERITED PROPERTIES AND FOR PERSONS WHO DIED INTESTATE? SUPPOSE A HOUSE PROPERTY IS PURCHASED IN THE JOINT NAMES OF HUSBAND AND WIFE. SALE DEED IS DULY REGISTERED IN JOINT NAMES. SUBSEQUENTLY, FOR SOME FAMILY REASONS, WIFE WANTS TO RELINQUISH THE PROPERTY IN FAVOUR OF THE HUSBAND. WHETHER RELINQUISHMENT DEED CAN BE EXECUTED AND REGISTERED IN THIS CASE? PL. ADVISE.
Yes. Wife can execute a relinquishment (release) deed in favour of her husband. In a property who have rights with others, then a relinquishment deed can be executed in favour of one person by all others or one can execute a relinquishment deed in favour of others.
Yes, the Wife can transfer the property to husband through relinquishment deed, as to make a relinquishment deed, the transferor of property should have a legal share in the property and the transferee should be a legal heir of the transferor, or in case where the property is being transfer to the person other than the legal heir, than a gift deed should be made instead of relinquishment deed.