Legal Heir Renunciation of Agriculture land
7 months ago
I am planning to purchase an agriculture land in Hyderabad. This land was initially owned by a person named A. A has two sons named B and C. A has intestate. Now B with out consent of C sold the Land to person X. Person X sold the land to Person Y. I am planning to purchase Land from Person Y. Now C is ready to renunciate his rights from Land to me as he is my close friend. What is the legal process for renunciation? will a relinquishment deed from C to me work? or does it need a different route?
A.Dear Client,
Parties to the relinquishment deed are co-owners who acquire the title to the property from an inheritance, To create a valid legal deed, a relinquishment deed must be registered under The Registration Act, 1908. Since there is a transfer of rights between co-owners. The person giving up the property has the primary obligation to discharge. The primary purpose is to give up a right in the property in turn of the other co-owner. The person giving up his right to the property has the right to receive the agreed consideration or without it. So, you can opt for a relinquishment deed from C to acquire the right to the said property.
Parties to the relinquishment deed are co-owners who acquire the title to the property from an inheritance, To create a valid legal deed, a relinquishment deed must be registered under The Registration Act, 1908. Since there is a transfer of rights between co-owners. The person giving up the property has the primary obligation to discharge. The primary purpose is to give up a right in the property in turn of the other co-owner. The person giving up his right to the property has the right to receive the agreed consideration or without it. So, you can opt for a relinquishment deed from C to acquire the right to the said property.
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