{"id":75200,"date":"2019-12-07T04:30:44","date_gmt":"2019-12-07T04:30:44","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=75200"},"modified":"2019-12-06T07:35:12","modified_gmt":"2019-12-06T07:35:12","slug":"relinquishment-deed-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/relinquishment-deed-pakistan.html","title":{"rendered":"How to Draft and Register a Relinquishment Deed in Pakistan"},"content":{"rendered":"\n

If you\u2019re planning on transferring immovable property in Pakistan, especially between family members, you might need to register a relinquishment deed to complete the process. Much like sale deed and gift deed, relinquishment deed is one of the main ways a person can transfer their property by surrendering their own rights, title and interest.<\/p>\n\n\n\n

To put it simply, a relinquishment deed is a legal document that is drawn when an individual formally gives up their legal rights on an inherited property by relinquishing it in the name of another co-owner. <\/p>\n\n\n\n

However, it is important to understand that relinquishment of rights in immovable property is only valid when the transfer is done between the co-owners of a jointly-held, inherited property. For example, if two brothers inherit a piece of land from their deceased father, one of them may renounce his share in the inheritance to make the other its sole owner. This is usually done when the parent passes away without making a will and the property is inherited by the legal heirs.<\/p>\n\n\n\n

Who Can Relinquish Their Rights on a Property?<\/strong><\/h2>\n\n\n\n
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In order to relinquish your rights, you need to be a co-owner of an inherited property<\/figcaption><\/figure>\n\n\n\n

An individual can only relinquish property to someone who already has a share in the said property. In case there are more than two co-owners or shareholders, any of them can relinquish their rights in favour of others with their consent. <\/p>\n\n\n\n

This means both parties, the benefactor and the recipient, need to have some percentage of shares or rights in a joint-owned property. This is usually done for inherited properties, where all the co-owners are legal heirs.<\/p>\n\n\n\n

You cannot relinquish your property in favour of a non-owner, or else it will be treated as a gift.<\/p>\n\n\n\n

The Difference between Relinquishment Deed, Gift Deed and Sale Deed<\/strong><\/h2>\n\n\n\n

The difference between relinquishment deed and sale deed is pretty clear. A sale deed is a legal document or an instrument that proves a seller has transferred ownership, right and title of a property to a buyer for a certain price. However, relinquishment deeds describe the transfer of rights from one co-owner to another in a joint-owned property.<\/p>\n\n\n\n

As for the difference between relinquishment deed and gift deed, one can gift their property to anyone within their lifetime regardless of their relationship with them. You can also take a look at our detailed guide on how to register a gift deed in Pakistan<\/a> for more information on the topic. On the other hand, one can only relinquish their share in a property in favour of another share-holder.<\/p>\n\n\n\n

Moreover, relinquishment can be done with or without compensation, whereas a gift doesn\u2019t require any monetary return.<\/p>\n\n\n\n

Nevertheless, just like the gift and sale deeds, a relinquishment deed also needs to be signed by both the benefactor and the beneficiary. It also needs to be registered.<\/p>\n\n\n\n

Drafting a Relinquishment Deed <\/strong><\/h2>\n\n\n\n
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There is no set format for drafting a relinquishment deed in Pakistan<\/figcaption><\/figure>\n\n\n\n

There is no set relinquishment deed format in Pakistan. <\/p>\n\n\n\n

However, since a deed of relinquishment must be in writing to be valid, there are a few things you must include while drafting it.<\/p>\n\n\n\n

Here is a list of details and documents required for relinquishment deeds in Pakistan:
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