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Release deed in favour of surviving co-owners of the joint property
31-Mar-2023 (In Property Law)
A joint property is owned by Mr. A(Father), Mrs. B(Mother) and Mr. C (Son). Mr. A died intestate. Mr. A has two daughters as legal heirs alongwith Mrs. B and Mr. C. 1/3rd share of Mr. A will devolve upon his said legal heirs. Can each daughter execute a release deed in favour of Mrs. B(Mother) and Mr. C (Son) releasing their shares in the property. They want to give 50% of their share to Mother and another 50% to brother. Can one release deed have two releasees.
Yes, Release Deed can be made customarily as per the will of the parties wanting it to be executed. So, you can go ahead by opting to Draft One Release Deed having two releases. Hope, you found this answer relevant.
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Adv. Pankaj Bajaj
Mumbai | 1000+ Answers
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