Menon and Singh, Advocates and Solicitors
Parvathi Menon
11 Years Exp
Relinquishment deed (Show More)
New Delhi , New Delhi G.P.O.
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Information
Overview
This agreement is not the best way to transfer a property to someone without involving any monetary transactions. This method allows the owner to transfer a property to a co-owner. This sort of transfer is also irrevocable. This involves a relinquishment deed that needs to be signed by both parties and registered at the sub-registrar’s office. A stamp duty needs to be paid during the registration process. However, the stamp duty needs to be paid only on the portion of the property that is being relinquished and not on the total value of the property. When compared to the gift deed, this deed has the problem of being taxable, if the relinquishment is for monetary gains, and not inclusive of any discounts if the property is being relinquished to a relative
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Name : Parvathi Menon
Law Firm Name : Menon and Singh, Advocates and Solicitors
Country : India
City : New Delhi
State : DELHI
Practicing Since: 2014
About Your Firm : Menon & Singh law office is a full-service law office founded by Ms. Annapurna and Ms. Parvathi Menon. With a team of young professionals, the firm strives to not only to comprehend the grievances of its clients and provide efficient and cost effective solutions to them, but at the same time it also renders its support in assisting them to achieve their goals. The firm leaves no stone unturned to overturn the nadir of its clients into their zenith.  "Out of the box thinking" is the key phrase that guides the team in their quest to find remedy to the complex legal quandaries that loom at large before its clients. The firm provides a beautiful blend of conventional wisdom and novel ideas while dealing with the cases.  The firm understands that many a times when a client visits them, they may have undergone severe mental distress. Menon & Singh Law Office takes great pride in providing counselling services to its clients as it understands that mental peace is one of the most valued objective of mankind. The firm understands that the best results are the product of a partnership, so we work with each client to develop and execute custom-built plans designed to maximize success. ? ? ?   ?    ? ? ?
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| parvathi | D/1837/2014 | New Delhi |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
| Annapurna | D/5043/2017 | New Delhi |
Legal & Drafting
Agreements/Deeds ( Release Deed )
Wills ( Make A Codicil )
Agreements/Deeds ( Agreement of Sale )
Agreements/Deeds ( Partition Deed )
Agreements/Deeds ( Construction Agreement )
Agreements/Deeds ( Memorandum of Understanding )
Agreements/Deeds ( Sale deed )
Registration Assistance ( Plot )
Agreements/Deeds ( Gift Deed )
Registration Assistance ( Independent House )
Agreements/Deeds ( Sale Agreement/Deed Review )
Registration Assistance ( Commercial Property )
Agreements/Deeds ( Construction Agreement Review )
Power of Attorneys ( General Power of Attorney )
Agreements/Deeds ( Rectification Deed )
Power of Attorneys ( Special Power of Attorney )
Packages ( Legal Opinion to Registration (Plot/Site) )
Agreements/Deeds ( Relinquishment deed )
Power of Attorneys ( Revoke/cancel Power of Attorney )
Packages ( Sale Agreement to Registration (Plot/Site) )
Agreements/Deeds ( Mortgage Deed )
Construction Approvals ( Residential )
Packages ( Sale Agreement to Registration (Apartment) )
Agreements/Deeds ( Exchange Deed )
Wills ( Make A will )
Packages ( Legal Opinion to Registration (Apartment) )
Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by Menon and Singh, Advocates and Solicitors : Mortgage and lease have been exclusively dealt with in the Transfer of Property Act. As per Section 58 of the said Act, mortgage is the transfer of an interest in specific immoveable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability. Section 105 TOPA states that a lease of immoveable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms.
Difference-
1. In mortgage, the interest in property is transferred for securing payment of money whereas in lease, interest in property is transferred for enjoyment of property in exchange of some consideration.
2. Almost all types of mortgage requires registration of property but lease requires registration only if the lease period exceeds 11 months.
3. Mortgage deed requires attestation by 2 witness but lease does not require the same.
4. In mortgage the consideration is known as mortgage money whereas in lease, the consideration is known as premium or rent.
