• Legal Document- It is a legal instrument which an heir can leverage to transfer his legal right of inherited property to another person.
• Irrevocable- A deed cannot be canceled even if the deed was made in error.
• Must be in writing- For relinquishment of immovable property, it is necessary to be done through a written document and signed by the parties along with the presence of at least two witnesses.
• Relinquishment deed must be registered: It is mandatory that a deed must be registered under Section 17 of the 1908 Registration Act. The registration must be done at the office of the Sub- Registrar as per the jurisdiction of the property.
• Easy Process- The process of registering a deed is very simple and easy.
• Legal Document- It is a legal instrument which an heir can leverage to transfer his legal right of inherited property to another person.
• Irrevocable- A deed cannot be canceled even if the deed was made in error.
• Must be in writing- For relinquishment of immovable property, it is necessary to be done through a written document and signed by the parties along with the presence of at least two witnesses.
• Relinquishment deed must be registered: It is mandatory that a deed must be registered under Section 17 of the 1908 Registration Act. The registration must be done at the office of the Sub- Registrar as per the jurisdiction of the property.
• Easy Process- The process of registering a deed is very simple and easy.