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Rashmi Pavan (Lawyer)     08 December 2020

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3 friends along with 1 broker have purchased the property to an extent of 2 Acres, now the government has issued a notification for acquiring 20 guntas land in the said extent and the said broker is ready to go out.3 friends along with 1 broker have purchased the property to an extent of 2 Acres, now the government has issued a notification for acquiring 20 guntas land in the said extent and the said broker is ready to go out. In this circumstance how to retain the land with said 3 members and what type of document has to be executed.


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 1 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     08 December 2020

The three friends and broker are joint owners of the property.  So the broker can execute a release deed in favour of other three by taking amount.


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