Can a NOC from sister will work for Relinquishment deed
01-Oct-2023 (In Property Law)
We are four brothers and one sister. I have property in my mother's name, she passed away, this property is in my part. Now I want to do a Relinquishment deed, and my sister can't come for the same, but she is agree to give any kind of NOC... Will it work
The No-objection Certification that your sister would be sending you, needs to be notarised at the place where she is ordinarily resident. In case, she is staying abroad, she will have to get the same notarised there and send it along with the photocopy of her passport.
What is release deed for ancestral property?
A relinquishment is a document whereby a legal legatee releases or gives up his legal rights to a parental property. Relinquishment is the act of disposing of and giving up the rights, title and interest of one co-owner to another co-owner.
Can property be transferred in blood relation?
A legal document called a gift deed for blood relations is used to transfer property ownership from one family to another, without the exchange of money. This is a common way for parents to pass their assets on to their children, without having to worry about tax or legal implications.
What is the purpose of the release deed?
The Release Deed
When you have paid all your bank dues, a deed will be executed to free your property of any previous charge. This is an important document if you are planning to sell your home. Only after you have executed a release deed, can you give the title of your property to an actual buyer.
What is the agreement for release deed?
The parties are released from their previous obligations such as mortgage payments because the loan is paid. A deed release gives the lender the right to the real estate until the terms of the mortgage have been met.
If the property is in the name of your mother, you cannot get the property relinquished in your name unless there is will in your name. The correct way is to get the legal Hier certificate and then get the same mutated in the name of your brother and sisters and then further, your sister can relinquish her share in her favour. In that case also, no objection certificate will not work, she will have to be present to sign the relinquishment deed.
The property is in your part by the way of some testamentary succession or an oral partition ??Nothing has been briefed by you !!Because in both cases remedy available to you is different as if it is by the way of some testament .i.e. will then you can probate the same ,if it is interstate succession then you can apply for mutation proceedings .Please fee free to contact for further clarification thanks!!
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