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removal of joint name on a plot property
12-Dec-2023 (In Property Law)
Hi
I purchased a plot in my wifes name using money from her bank account. However on advice when registering added myself as 2nd owner. Now if I want to remove my name do I need to do a relinquishment deed or gift deed?
Also, can I give her a POA to register the relinquishment or gift deed on my behalf?
thanks
Dear sir,
As you have rightly guessed, you have to execute a relinquishment deed or release deed in favour of your wife. Yes for the execution of the same you can execute a registered GPA in favour of your wife itself.
For any legal assistance in this regard, feel free to contact me.
Regards
As you have rightly guessed, you have to execute a relinquishment deed or release deed in favour of your wife. Yes for the execution of the same you can execute a registered GPA in favour of your wife itself.
For any legal assistance in this regard, feel free to contact me.
Regards
Helpful?
Adv. Dilip M. R.
Bangalore | 25+ Answers
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you will have to register a gift deed or relinquishment deed in your wife's name, however you cannot give a POA in her favour to register the same as the POA holder and beneficiary cannot be the same, you have to give POA to someone else on your behalf to register a document in her favour
Helpful?
Adv. S. S. Shad
Bangalore | 25+ Answers
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