Example : I am relinquishing my bedroom to the long-term house guest.
Resign a claim to the throne.

Synonyms : free, give up, release, resign

Example : We are dispensing with formalities.
Relinquish the old ideas.

Synonyms : dispense with, forego, foreswear, forgo, waive

Example : I am foreswearing women forever.

Synonyms : foreswear, quit, renounce

Example : Let go of the door handle, please!.
Relinquish your grip on the rope--you won't fall.

Synonyms : let go, let go of, release