Relinquishment Deed’s format is given below.
THIS DEED OF RELINQUISHMENT is executed at ________ on this _______ day of ________, 20XX
Smt. X W/o Sh.__________ D/o late Sh. C, R/o ____________
Smt. Y W/o Sh.__________ D/o late Sh. C, R/o ____________
Smt. Z W/o Sh.__________ D/o late Sh. C, R/o ___________
Sh. A S/o late Sh. C, R/o______________.
Hereinafter called the RELEASORS which expression shall, unless repugnant to the context or meaning hereof, mean and include their heirs, successors, legal representatives and executors, of the FIRST PART.
IN FAVOUR OF
Smt. B W/o late Sh. ________, R/o _________, hereinafter called the RELEASEE which expression shall, unless repugnant to the context or meaning hereof, mean and include her heirs, successors, legal representatives and executors, of the SECOND PART.
WHEREAS late Sh. C was the sole and absolute owner of property bearing No.______, consisting of double Storey house built over an area of ________sq. yds;
AND WHEREAS the said Sh. C expired on ______, 20XX;
AND WHEREAS releasors No. 1 to 3 are the daughters of late Sh. C Releasor No. 4 is the son and the Releasee is the wife of late Sh. C. and each has got 1/5th share in the abovementioned house according to the law of inheritance;
AND WHEREAS besides the Releasors and the Releasee, there is no other legal heir of the deceased or anybody else is entitled to or claims any right, title or interest in the abovementioned property;
AND WHEREAS the Releasors are desirous of giving up their 4/5th share in the abovementioned property in favour of the Releasee on account of natural love and affection without receipt of any consideration amount from her.
NOW THIS DEED OR RELINQUISHMENT WITNESSES AS UNDER:
1. That the Releasors voluntarily, without any outside pressure from any side and in their full senses give-up and release all their right, title and interest in property No.________, along with the land beneath the same measuring ____ sq. yds in favour of the Releasee without taking or receiving any consideration from them to the extent of their 4/5th share and now the Releasee is the absolute and the sole owner of the above mentioned property. (4/5th share of the Releasors and 1/5th share of the Releasee herself).
2. That the Releasors, their heirs, successors and assigns have been left with no claim, title or interest in the property hereby relinquished and the Releasee is the sole and absolute owner thereof.
3. That the possession of the abovementioned property is exclusively with the Releasee and the Releasee is entitled to continue the same.
4. That the Releasee is fully entitled to get the abovementioned property mutated and transferred in her name on IN WITNESS WHEREOF the Releasors ad the Releasee have set their respective hands to this deed of Relinquishment at ________ on the date mentioned above.
5. The basis of this deed of Relinquishment.
6. That the original sale-deed and other relevant papers regarding the abovementioned property are with the Releasee.