Legal Question in Real Estate Law in India
Hi, I bought a house 1 year back. This house is on the name of my father and myself. I have loan on this house, and the original document are now in bank. Now my father is willing to leave the right on this house. I have younger brother. Can you please tell me how my father do this? Do we required house documents to do this ? My younger brother is also don't have any objection. Is ther any way so that in future we won't Suffer ? Please suggest.
Thanks,
Harshal
2 Answers from Attorneys
Your father can relinquish his 50% share in the property in your favour by executing a relinquishment deed . You dont need any property documents for this purpose.
Get consent of Bank and proceed further with intended transaction.
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