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gita (self)     22 October 2014

Difference between relnq. deed with/without consideration

Can someone please clarify what is the difference between:

1) Relinquishment Deed with Consideration

2) Relinquishment Deed WithOut Consideration


Thanks

Gita



 4 Replies

bhagwat patil (Property due diligence 9422773303)     22 October 2014

RELEASE DEED

OR RELINQUISHMENT

Relinquish means to give over possession or control of or to leave off. A release deed or relinquishment deed is an instrument by which a person renounces a claim upon another person or against any specified property and includes (10 A renunciation of claim 2) against another person or against specified property but does not include a release or discharge of mortgage of mark able securities.it is without consideration if consideration is taken it is sale deed.

1 Like

chowdary (Advocate)     23 October 2014

To withdraw his right after receiving some money in writing is relinquishment with consideration. Without receiving any money or kind is without cosidaration
1 Like

S R SHETTY (MANAGER - LEGAL)     23 October 2014

Can we make Relinquishment Deed without consideration of Rs. 100 stamp paper or it attracts stamp duty as per prevailing rates?

1 Like

gita (self)     23 October 2014

thanks all for the answers.

Gita


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