Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Saraswati (Supervisor)     02 December 2011

Relinquishment deed

I'm an NRI and a dual citizen - US and India.
My father had a property in India in his name only.
He passed away of heart attack few years back. We do not have any will.
My mother and brother are living in that house.

We are planning to do a property mutation and then sell the property.
Once the mutation is done, we probably have to sign a relinquishment deed. I do not trust my brother in money matters because of past experiences. My mother is neither educated nor active at this age.

What other options do I have? Can the deed be relinquished in two names (myself and brother in India) and then may be I could write a POA in someone's name whom I can trust?
Please advise!



Learning

 1 Replies

Advocate Vishnu (Advocate)     02 December 2011

Dear Saraswati,

If you want to sell the property, all three legal heirs( mother,brother and yourself) have to sign on the sale deed when selling it to a third party. Mutation is done only for revenue puposes only( property tax assessment). It carries little value otherwise.you may sell the property directly to a third party even now without any mutation.
 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register