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Author Topic: Property on three owners name.  (Read 713 times)

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Offline ansarim25

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Property on three owners name.
« on: October 14, 2015, 04:03:56 AM »
I have purchased a flat and while registration the agreement was made in the name of myself, father and brother. We borrowed home loan from DHFL on that property. I am the person who is paying the loan so I want to remove there name from agreement . My father and brother are ready to re-register the agreement but that can not be done until I pay the full loan amount but I do not have money to pay that and also I can not wait for 20 years until the loan get over. May be there minds get changed. So is there any legal way to my problem.

Offline advamrita

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Re: Property on three owners name.
« Reply #1 on: October 14, 2015, 07:19:48 AM »
they can make a relinquishment deed in your favour.

Offline adv.amarnath

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Re: Property on three owners name.
« Reply #2 on: October 14, 2015, 11:55:31 AM »
There may be a way top remove them from the agreement technically but for which I must check the documents and know your situation in details
Regards,

Amarnath Sanyal
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Email - adv.amarnath.sanyal@gmail.com
Mob - 09830303322

Offline ansarim25

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Re: Property on three owners name.
« Reply #3 on: October 14, 2015, 11:07:45 PM »
Thank you very much Advamrita for good advice.

Can a relinquishment deed is full proof solution because I do not want them to claim share in the property after 20 years. How can I do this? Do I have to consult any lawyer for this and Is this relinquishment deed entertained in the law.

 

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