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Can relinquishment deed be done without consideration?
04-Oct-2023 (In Property Law)
can relinquishment deed be done with or without any consideration? what is the validity of such deed executed without consideration.
Relinquishment deed is a legal document. Through this legal document, an heir can transfer or release his legal right of the inherited property. ... Consideration: A relinquishment deed can be done with or without any consideration.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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Can release deed be done without consideration?
For a release deed be valid, it must have some form of consideration. This can be in the form of the transfer of security from the banker of the debt to the owner of the property. A review is possible. 10 Nov 2022
What are the conditions for a release deed?
Registered sale deed (of husband
Is registration of release deed compulsory?
Should a relinquishment act be registered? According to Section 17(1)b of the Registration Act (1908), an instrument that creates or transfers a property right must be registered. A relinquishment agreement must be registered to make it valid. 18 Oct 2023
Is consideration necessary for sale deed?
According to Section 54 of the Transfer of Property Act, 1882, asale is merely transferring ownership in exchange for monies paid or promised. According to Sec. A sale that is made without payment is not considered a real sale. This has no legal effect. 22 May 2023
In fact, a release can be compared to a transfer or gift. A person who releases their vested interest or right in a property to receive a consideration is committing a conveyance or a sale. It is a gift if he gives up his interest in a property without any consideration, but just out of natural love and affection.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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