Versatile Legal
Veena R
27 Years Exp
Relinquishment deed (Show More)
Bangalore , Industrial Estate (Bangalore)
View Answers by this Partner (3)
Profile Views : 21317
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
Photos
Name : Veena R
Law Firm Name : Versatile Legal
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 1998
About Your Firm : I am an advocate having 20 years experience. I have initially worked for a senior advocate for 6 years where I was responsible to take care of court matters, property title verifications, registrations, khata transfer and related services. Subsequently, I worked for two leading law firms in Bangalore for a period of 1 1/2 years post which I started practising independently from 2009 onwards. I render services in the areas of litigation, real estate and corporate documentation.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Veena R | Kar 628/1999 | Karnataka |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Power of Attorneys ( Drafting General Power of Attorney )
Power of Attorneys ( Drafting Special Power of Attorney )
Forming Owners Associations/Societies ( Apartments )
Forming Owners Associations/Societies ( Layouts )
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Legal Opinion/Title Certification ( Residential Layout )
Legal Opinion/Title Certification ( Villa Project )
Legal & Drafting
Power of Attorneys ( General Power of Attorney )
Legal Opinion (Written) ( Villas )
Property & Documents Inspection ( Documents Inspection in Builder Office )
Agreements/Deeds ( Mortgage Deed )
Lease/Rental Agreements ( Commercial Office Rental Agreement )
Wills ( Make A will )
Legal Opinion (Written) ( Independent House )
Agreements/Deeds ( Exchange Deed )
Lease/Rental Agreements ( Commercial Shop Rental Agreement )
Notary & Attestation Services ( Get A Document Notarised )
Legal Opinion (Written) ( Revenue/Other Site )
Agreements/Deeds ( Release Deed )
Lease/Rental Agreements ( Commercial Lease Agreement )
Affidavits ( Name & Address Affidavits )
Agreements/Deeds ( Agreement of Sale )
Agreements/Deeds ( Partition Deed )
Lease/Rental Agreements ( Residential Lease Agreement )
Affidavits ( Personal Affidavits )
Agreements/Deeds ( Construction Agreement )
Agreements/Deeds ( Memorandum of Understanding )
Packages ( Legal Opinion to Registration (Plot/Site) )
Lease/Rental Agreements ( Room Rental Agreement )
Affidavits ( Student Affidavits )
Agreements/Deeds ( Sale deed )
Agreements/Deeds ( Joint Development Agreement )
Packages ( Sale Agreement to Registration (Plot/Site) )
Lease/Rental Agreements ( Office Sharing Agreement )
Affidavits ( Gas Affidavits )
Agreements/Deeds ( Gift Deed )
Registration Assistance ( Plot )
Packages ( Sale Agreement to Registration (Apartment) )
Procure Revenue Documents ( Encumbrance Certificate )
Affidavits ( General Affidavits )
Agreements/Deeds ( Sale Agreement/Deed Review )
Registration Assistance ( Apartment )
Packages ( Legal Opinion to Registration (Apartment) )
Procure Revenue Documents ( Khata Extract )
Affidavits ( Other Affidavits )
Agreements/Deeds ( Construction Agreement Review )
Registration Assistance ( Revenue/Other Site )
Legal Opinion (Written) ( Plots )
Procure Revenue Documents ( Khata Certificate )
Property & Documents Inspection ( Plot/Site Insepction )
Agreements/Deeds ( Rectification Deed )
Lease/Rental Agreements ( Apartment Rental Agreement )
Legal Opinion (Written) ( Apartment )
Procure Revenue Documents ( Khata Transfer )
Property & Documents Inspection ( House/Apartment Inspection )
Agreements/Deeds ( Relinquishment deed )
Lease/Rental Agreements ( House Rental agreement )
NRI Services
Power of Attorneys for NRIs ( General Power of Attorney by NRI )
Subject : Cost of rental agreement
Question : What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send
Answer by Versatile Legal : If the term of the rent is less than one year, the minimum stamp duty payable is Rs. 500/- on a rental agreement. Normally, the stamp duty is payable on the rental value and the security deposit that is paid. If the details of the property, rent and security deposit, parties addresses are sent, we could take about two hours to send the draft of the rental agreement.
Subject : Drafting a Will
Question : Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?
Answer by Versatile Legal : Yes you can but incorporate the property description in detail and also specify that this property is under construction and will be delivered to you within a particular timeframe. In the event you have signed an agreement of sale with the builder, make the agreement as an annexure to the Will, so that it will not be disputed later on that the property was acquired after execution of the will.
Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by Versatile Legal : Mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced whereas lease of an immovable property is the transfer of a right to enjoy a property for a specified time period and can be express or implied.
In a mortgage, there is interest involved whereas in a lease, the permission to use the property is granted subject to payment of lease rent and security deposit.
