Release deep - specifying percentage of share released
5 months ago
Myself, my father and mother jointly own a flat in Mumbai, each having 33.33% share. Father passed away intestate. I and mother are the only legal heirs. My advocate suggested me to register a release deed whereby my mother releases her inherited share (1/2 of 33.33%) in my favor. This will make the ownership as : myself (2/3 = 66.67%) and mother (1/3 = 33.33%)
In the released deed, advocate has specified the below point:
"whereby the Releasor releases her undivided share in the said Premises unto the favour of the Releasee, being her son, without accepting any consideration, monetary or otherwise from the Releasee"
The proportion of share released i.e. 1/2 of 33%, is not explicitly mentioned in the above clause and for that matter no where else in the document. It is only specified in the 'schedule of the property'.
My understanding is that this may create ambiguity. However, as per the advocate, it is perfectly fine to specify it only in the "the schedule of the property" and we need not specify it anywhere else in the document. Is this correct?
The property's details are outlined in the schedule of the conveyance deed, supported and elucidated by the deed's contents. The 'Schedule of a Property' in a sale deed furnishes a comprehensive and explicit account of the property undergoing the transaction, fostering transparency and understanding between the Seller and Purchaser.
The property's details are outlined in the schedule of the conveyance deed, supported and elucidated by the deed's contents. The 'Schedule of a Property' in a sale deed furnishes a comprehensive and explicit account of the property undergoing the transaction, fostering transparency and understanding between the Seller and Purchaser.
The description of the property is mentioned in the schedule of the property in a deed of conveyance which is supported and clarified by the contents of the deed. The 'Schedule of a Property' in a sale deed provides a detailed and precise description of the property being transacted between the Seller and Purchaser. This ensures clarity and transparency between the involved parties.
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