Release Deed
Also known as: relinquishment deed
A release deed is an instrument by which a co-owner gives up their share in jointly-held property in favour of the other co-owners.
It operates only between existing co-owners - a release in favour of a stranger is in substance a sale or gift and will be treated as such for stamp duty. Release deeds appear constantly in Indian family property chains, and the recurring diligence question is whether every co-owner with a share actually joined in the release, since one omitted sibling leaves an outstanding undivided interest.
How Deedwise checks this
These checks in the Deedwise Title Check Standard cover Release Deed:
Related terms
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