Relinquishment of right

Aman Kalra (Querist) 28 April 2014 This query is : Resolved
We have an ancestral property which was in the name of my father who were passed away. My mother also passed away without making any will. Now 2 my sisters agree to receive 5 lac each as consideration from relinquishment of her 1/4 share each. She also agreed that amount would be pay out when the property is sell out. Is this possible to make any deed now, so that we are safe from there sides?

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Devajyoti Barman (Expert) 28 April 2014
Yes, it can incorporate that terms of making payment on later date in the deed of relinquishment.

Aman Kalra (Querist) 28 April 2014
Is this can b incorporated in relinquishment deed?

Advocate. Arunagiri (Expert) 28 April 2014
This condition can be imposed on the relinquishment deed.

Aman Kalra (Querist) 28 April 2014
Ok sir thanx

Devajyoti Barman (Expert) 28 April 2014
yes, it can be..

Aman Kalra (Querist) 28 April 2014
Well...sir one question...relinqueshment deed is signed by my sister. In whom presence?

Rajendra K Goyal (Expert) 28 April 2014
Get it registered.

Advocate. Arunagiri (Expert) 28 April 2014
Your sister and others if any has to go to the Registrar office and sign and register that relinquishment deed.

You can take the help of an advocate for drafting the relinquishment deed.

Devajyoti Barman (Expert) 28 April 2014
contact a lawyer..he will tell you everything.

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