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Q.Relinquish Deed After Owner's Death

Q. Relinquish Deed After Owner's Death

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Prerna M

posted 1 week ago

Hi,
The owner of a property has died, and has no left no will. It's a freehold property in his name and he has 5 surviving daughters as legal heirs. In order to sell this property, would one of the legal heirs be required to relinquish (by way of Relinquish Deed) the claim on property in order to execute the Letters of Administration? Is this the fastest way to sell the property or is there a better alternative?
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A. Dear Sir,
All five of them sell jointly or four of them relinquish in favour of one of them and thus sell the property.

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A. U will need to file application for succession certificate then it will be possible to u . Otherwise not . In district court

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 1 week ago

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A. Hi,
As you said that the owner of the property has died and has 5 surviving daughters as legal heirs. Such property is now owned by all 5 of them as they are the legal heirs of the person so deceased.
Getting to your question of selling the property
Yes, a relinquish deed is the fastest mode. Any one can find a seller and as the sale cannot be made without the signatures of all of the owners you cannot sell the property.
However, having that said, by way of a relinquishment deed you relinquish [give away] all the rights which you had in the property and after such deed is executed you shall have no rights to the property or proceeds.
If the intention is to merely sell the property, then, it is better that you find a seller and provide with NOC [No Objection Certificate] on such sale by the other Co - Owners and then distribute the sale proceeds in equal proportion or otherwise as decided mutually.
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Shreyash Mohta

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Shreyash Mohta

Experience: 1 Year(s)

Responded 1 week ago

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