During the life of a property, there comes a time when you have to pass it on to someone else. Many of you might think that we are talking about selling it. However, there are other ways, too, of transferring a property. A sale deed does not fit the picture when you want to transfer your property to your relatives. In this case, gift deed or relinquishment deed is the best way.
Basically, for lawful transfer of an immovable asset such as property, you need to get the gift deed registered with proper authority. So before you get any of these deeds drafted, you must know about the pros and cons of each of them. [Read more…]