Release Deed
At Property Resolve, we understand that changes in property ownership among co-owners or legal heirs require precise legal execution. Our mission is to simplify this often-sensitive process, providing clear guidance and seamless service for Relinquishment Deeds (also known as Release Deeds). With our specialized expertise, you can ensure a smooth, legally compliant, and hassle-free transfer of property rights within your family or among co-owners.
Our Core Service: Streamlined Relinquishment Deed Solutions
When an individual wishes to give up their share in a jointly owned property, a Relinquishment Deed is the essential legal instrument. Property Resolve specializes in drafting, verifying, and registering these deeds efficiently and legally.
What is a Relinquishment Deed (Release Deed)?
A Relinquishment Deed (also known as a Release Deed) is a legal document by which a person formally gives up or “relinquishes” their rights, title, and interest in an inherited or jointly owned property in favor of another co-owner or legal heir. This transfer is typically without any monetary consideration, or for a nominal consideration, making it distinct from a Sale Deed.
Key Scenarios for a Relinquishment Deed
01
Inherited Property
When multiple legal heirs inherit a property, and one or more heirs wish to surrender their share in favor of another heir(s).
02
Jointly Owned Property
When co-owners of a property decide that one party will give up their share to another existing co-owner.
03
Family Settlements
As part of an overall family settlement arrangement to consolidate property ownership.
How Property Resolve assists with Relinquishment Deeds
- Expert Drafting: Our legal team meticulously drafts the Relinquishment Deed, ensuring it clearly identifies the relinquishing party (Releasor), the party gaining the share (Releasee), detailed property description, and explicit declaration of the relinquishment of rights. We ensure compliance with the Indian Registration Act, 1908, and other relevant laws.
- Document Collection: We guide you through compiling all necessary supporting documents, including:
- Identity proofs (PAN card, Aadhaar card) of Releasor, Releasee, and witnesses.
- Original property documents (e.g., Sale Deed, Title Deed, Succession Certificate, Will, or previous Deed of Partition).
- Proof of relationship between parties (if applicable).
- Property tax receipts or other relevant proofs of ownership.
- Stamp Duty & Registration Fee Calculation (Maharashtra Specific):
- We provide accurate calculation of stamp duty and registration fees as per Maharashtra laws.
- In Maharashtra, for Relinquishment Deeds among co-owners/legal heirs, the stamp duty can be structured to be more beneficial than a full sale, often based on a nominal amount or a percentage of the market value of the share being relinquished, depending on the specific circumstances and family relationship.
- If the relinquishment is without consideration among co-owners who are family members, the stamp duty can be significantly lower. If consideration is involved, or if the parties are not close relatives, stamp duty may be higher, akin to a transfer. We clarify all applicable charges.
- Registration Assistance: We provide comprehensive support for the mandatory registration process at the Sub-Registrar’s Office in Pune (or the relevant jurisdiction). This includes scheduling appointments and accompanying all parties during registration to ensure all legal formalities are completed smoothly.
- Legal Compliance & Due Diligence: We perform necessary due diligence to confirm the Releasor’s legitimate share and the legal standing of the property, ensuring the deed is legally sound and prevents future disputes.
Why is a Relinquishment Deed important?
Essential for Further Transactions
A properly registered Relinquishment Deed is crucial for any subsequent sale, mortgage, or transfer of the property by the new sole owner(s).
Why Choose Property Resolve for Your Relinquishment Deed?
- Specialized Expertise: Our legal professionals possess deep knowledge of property and inheritance laws in Maharashtra, specifically for relinquishment matters.
- Transparent and Clear Process: We ensure complete transparency, keeping you informed at every step, from drafting to registration.
- Hassle-Free Experience: We manage the complexities of legal documentation and registration, offering a smooth and effortless process for you.
- Time-Saving Solutions: Our efficient approach streamlines the entire process, saving you valuable time and effort.
- Reliability & Confidentiality: Your sensitive personal and property information is handled with the utmost discretion and security.
Our Streamlined Relinquishment Deed Process
Initial Consultation
We discuss your specific situation, the parties involved, and the property details.
Document Collection & Verification
We guide you in gathering all necessary documents and perform thorough verification.
Drafting the Relinquishment Deed
Our legal team drafts a precise and legally compliant Relinquishment Deed. The draft is shared for your review and approval.
Stamp Duty & Registration Fee Payment
We clarify applicable charges and assist with the payment process (e-stamping, franking, or physical stamp papers).
Registration at Sub-Registrar's Office
We schedule the mandatory registration, and our team will accompany all parties (Releasor, Releasee, witnesses) for the signing and biometric verification.
Deed Handover
Upon successful registration, you receive the legally registered Relinquishment Deed, ensuring the new ownership is established.
Testimonials
"Property Resolve made relinquishing my share in the ancestral property straightforward. Their team in Pune was highly professional and made the registration process so easy."
"I needed a Relinquishment Deed drafted for my brother, and Property Resolve handled it with great efficiency and legal accuracy. Their guidance on stamp duty was particularly helpful."
Contact Property Resolve Today!
If you need expert assistance with a Relinquishment Deed, trust Property Resolve to handle it with precision and care.