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When there are two or more heirs, can one or two be made full owners by others taking money in lieu of their share?

- by Siddappaji, Rajanukunte

Yes, any of the co-owners can individually or collectively release/relinquish his/her/their right in favour of one or more collectively as the case may be and make him/them as full owner.  This kind of release/relinquishment can be with or without payment of money.  This document is called Release Deed or Relinquishment deed.  Release can be made not only in case of inherited property but also in case of joint purchase/acquisition.


These are all the legal questions answered by Advocate S.Selvakumar in various magazines, in various occasion including realestate reporter monthly.