m.kupparaju
03 June 2010 at 12:16
While executing the Family Partition deed by the family members viz., 2 brothers and 2 sisters where family property is divided into 4 equal shares between the members. Where 2 sisters have decided to release/ relinquish their shares in favour of their brothers without executing a separate Release Deed/Relinquish Deed, decided simply incorporating a clause in the partition deed stating that they have released/relinquished their share in the property in favour of their brothers without taking any consideration. Is this Partition deed is sufficient to get the katha transferred in favour of their brothers? Are they require a separate release deed/relinquish deed executed in their favour for valid transfer of katha in their names. please clarify.
Partition Deed/Release Deed
While executing the Family Partition deed by the family members viz., 2 brothers and 2 sisters where family property is divided into 4 equal shares between the members. Where 2 sisters have decided to release/ relinquish their shares in favour of their brothers without executing a separate Release Deed/Relinquish Deed, decided simply incorporating a clause in the partition deed stating that they have released/relinquished their share in the property in favour of their brothers without taking any consideration. Is this Partition deed is sufficient to get the katha transferred in favour of their brothers? Are they require a separate release deed/relinquish deed executed in their favour for valid transfer of katha in their names. please clarify.