v.lakshminarayanan (prop) 22 February 2015

Relinquishing deed

dear members

i am posting after a long time.

i have a query for learned lawyer members experienced in hindu succession act etc:

there are three heirs to a piece of property. one heir wants to relinquish his/her share in favour of one. should that person execute a registered relinquishment deed or a settlement deed?

thanks

yours

v.lakshminarayanan

palani

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2 Replies

Laxmi Kant Joshi (Advocate ) 22 February 2015

Registered relinquishment deed is the best and the safe option .

kavksatyanarayana (subregistrar/supdt.(retired)) 22 February 2015

@Author, if there are 3 legal heirs over a property, then one should relinquish his rights in favour of other 2 persons. Or 2 persons out of 3 should relinquish their right in favour of one person. so best option is to execute gift deed in favour of one person for his 1/3rd share.