Giving up my property rights in parents property
2 years ago
Respected Lawyers,
We are 2 brothers and 2 sisters. All of us married. I have a kid. My parents are alive. My father own a house under his name and I want to give up my rights from this property. I do not have any of my own property
After I give up my rights I want to make sure my wife and kid doesn't have any rights to claim on this property in future..
Can someone please help me with all possible ways to do it.
Appreciate your time and effort
You can execute the Deed of Release in favour of your parents stating that you or your wife and children will not claim any share in the properties mentioned in the deed of release. By this deed of release you cannot claim any sort of share in your parents property.
Advocate Sinjari Bandyopadhyaya
Responded 2 years ago
If the property owned by your father is his self acquired property then you will not have any rights in the same. If it is an ancestral property then you can relinquish your rights by making a relinquishment deed.
Vaidehi Samant
Responded 2 years ago
A.Execute a relinquishment deed and register the same in the Sub-Registrar office of your concerned jurisdictional area where your parents reside or have their property by paying necessary Stamp duty and registration fees. Thank you.