Lexim Associates
Lexim Associates
20 Years Exp
Relinquishment deed (Show More)
Mumbai , Bazargate
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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 : Lexim Associates
Law Firm Name : Lexim Associates
Country : India
City : Mumbai
State : MAHARASHTRA
Practicing Since: 2005
About Your Firm : LEXIM Associates and its versatile team of skilled lawyers practice law with a rare passion. We are a full service law firm committed to proficient brilliance, personal and high quality support and effective solution-oriented advocacy. Our approach is simple, direct and uncompromising pursuit of resolution and results for our clients. Our client's success is eventually our own. LEXIM Associates strives to maintain the highest standards of professional responsibility in all its engagements. The firm strongly believes in providing pro bono legal services and has committed firm resources to the representation of organizations and individuals in various areas of law on numerous occasions. Attorney’s at LEXIM Associates work together in well-integrated manner to maintain and enhance their technical expertise and to reinforce and support one another in achieving client objectives.? ?
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Jairam Chandnani | ||
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
| Ashish Gupta |
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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 Lexim Associates : Yes. You can do that. All properties, movable, immovable of which testator is the owner and which are transferable can be disposed of by will. The Testator can also bequest all known and unknown rights, title and interest, that the testator dies possessed of.
