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Mutual divorce - what to do with jointly purchased property?
05-Mar-2023 (In Divorce Law)
Hi, we are planning to take divorce after 5 years of failed marriage. Though we don't have child together but we did purchase property together. Selling at this time wouldn't be fruitful for either of us. Is it possible that one of us could keep the property with full 100% ownership to avoid any obligation or fights in future. I don't want to be in any relation or obligation with my spouse in future. Please help and show us some path.
Hi, Greetings for the day. Yes, either party can relinquish his or her share in the property in favour of the other party by executing a relinquishment deed or a gift deed and get it registered. before the concerned sub registrar
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Adv. Anubhav Kathuria
Delhi | 1000+ Answers
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Hi,
As per the information provided by you, I totally agree with your point of not keeping any relation and obligation with your spouse as it may carry future quarrels. For the betterment for both the parties one cannot sell the property alone as it is owned jointly. Secondly if you want to go ahead with giving your share the same can be done through an Agreement binding on both the parties. For further information you can contact me.
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Adv. Ayush Kapur
Delhi | 200+ Answers
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In order to advise you properly we would like to get all relevant information first. If you are in Delhi it's better if you meet us in person and discuss your case before taking any steps.
Brij Mohan (Adv.)
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Adv. Brij Mohan
Delhi | 50+ Answers
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