Skip to main content

Release Deeds

 

Team LawDocs

A deed  of release, also known as relinquishment deed is a legal document. That removes a previous claim on an asset and suffices as a documentation of release from a binding agreement. When a lender transfers the title of a real estate to the owner upon the satisfaction of mortgage that might be executed. In other words, whenever a tangible property is release from a charge, a third party is claiming upon it, a release deed may be executed literally releasing the parties from previous obligations.

The lender holds the title of real property until all the obligations are compile and satisfied by the owner. In a recent development it has also established that rights to a co-owned property can be transferred vide it. In a situation where husband and wife are undergoing a divorce by mutual consent. Upon, one person paying the maintenance and alimony. Along, with any other amount as may be expressly declared by any court of law/forum. That can execute and upon the satisfaction of both the parties co-owned property can released.

It is pertinent to note that the document must entail that the releasor is releasing all their rights and interests in the assets of the release, including the property in question for a lump sum consideration.

Comments

Post a Comment

Share your views

Popular posts from this blog

Registration of LLP and Laws

  Name – Shweta Pandit College - National Law School Of India University, Bangalore. Introduction- LLP(Limited Liability Partnership) is a limited liability company, you will find the characteristics of both a corporation and a partnership in this form of a company. LLP came into effect in 2008 when the Limited Liability Partnership Act was passed in India..  LLP- Limited Liability Partnership, is a partnership where partners have limited liability and are responsible only for the loss/damage created by themselves and not by any of their partner or partners. Partners in LLP have a fair share of say in the workings of the business.  Registration of LLP- It is a long process to register a LLP, the few steps involved in the process are discussed as follows: First step is to get the DSC, which is a Digital Signature Certificate from the government agencies such as E-Mudra, NSDL, IDRBT Certifying Authority, National Informatics Center, CDAC and each agency has its own costs of providing ser
15 comments
Read more

Attestation , Revocation, Alteration and Revival of Wills

  Author: Amit Sheoran, Symbiosis Law School, Nagpur People were worried about their lives after the corona pandemic. Because in Corona, no one was aware that anything could happen at any time. That is why they start thinking that if they die, then what will happen with their property and, as a result, they start making plans. A question arises in our mind after hearing the word will. What is will? It is defined under 2(h) of the Indian Succession Act, 1925. A will is a testamentary document by which a person bequeaths his property in the name of any other person. It will be effective after the death of the testator. The property will devolve on the person in whose favour it is bequeathed after the death of the testator. A will can be changed, revoked, or altered at any point of time after it is made. A will can be written more than once.All wills are revocable at any time during the life of the person and are confidential documents. A will can be attested, revoked, altered, and also r
11 comments
Read more

Indian Depository Receipts: Requisites and Benefits

  Yash Miniyar Maharashtra National Law University, Aurangabad A. INTRODUCTION Depository Receipts are a form of transferable instruments, which aid in the flow of general trade in a stock exchange at a given time. They are classified as financial securities in the form of equity that are issued by listed companies. The depository receipt is a form of certificate which denotes the valid holding of the security or shares of a given company. One of the most recognised and busiest forms of depository receipts in the world is the American Depository Receipts, which allows in trading of shares or securities of foreign companies. These receipts act as a form of investment for potential investors in order to diversify their assets and hold shares of their desired companies. This not only allows the economic diversification but also the geographic diversification. These depositories act as mediums to curb the hindrances or the obstacles which prevented people from making foreign investments,
Post a Comment
Read more