Release Deed

There is no question of relative or non-relative in case of a release deed. One co-owner can release his share in favour of the other co-owner.

Transfer of property through release can only be done between/among co-owners and not otherwise.

The tranfer of release  between relatives is only between co-owners. and not between non-relatives.  I think you are stating  like relinquishing the property.   If a person or group of persons want to release a property  to non-relatives the persons or groups of persons has to execute a gift deed or will.

I agree with all person answer.

I also agree with the all advocates. The release is execute between co-sharers and co-owners. If any documents have many owners and one or more can release their right through release deed.

Thanks for all you reply. In this context i further want to ask that can group of person Release their share in favor of company ? who is not co-owner of immovable property.

Is there any legal reference or article which states the same "Transfer of property through release can only be done between/among co-owners and not otherwise." Thanks for all the help in advance.