Release of rights on property before registration

Sarmistha Bhide (Querist) 17 July 2013 This query is : Resolved
husband & wife bought an under-construction property in joint name. loan for it is also taken in the joint name. Till now the property is not registered and agreement of sale between the parties is also in couples joint name. But now they are separating on mutual terms. So, one person wants to relinquish his/her rights to the property.

What is the best possible way of doing it without doing registration of property in joint name?
They want the property to be registered in single owner's name to avoid any
future hassles.

Will a release deed from one co-owner be valid/legally acceptable is this case?
since only sale agreement has happened but registration in joint name has not
happened.

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Guest (Expert) 17 July 2013
As you rightly pointed out, only sale agreement has been entered into and registration is yet to take place, the sale deed can be registered in the name of a single buyer.

Sarmistha Bhide (Querist) 18 July 2013
Thank you for replying.

Further to it since the loan and sale agreement is in joint name.
So what all documents from Bank and the person who is going to release its rights are required? to make the final registration legally valid in name of single owner?
Or Is there any legal way by which one person's name can be removed from the agreement of sale?

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