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    Deed of Partition

    Uploaded by

    AJAY YADAV
    1. This deed partitions property equally between two parties, who were previously joint owners as legal heirs. 2. The property described in Schedule A is divided, with portions described in Schedules B and C allotted to each party separately. 3. The parties agree to hold their separate portions exclusively and release any claims on the other's property. Each will be responsible for their portion's taxes and liabilities going forward.

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    © All Rights Reserved
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    Deed of Partition

    Uploaded by

    AJAY YADAV
    111 views2 pages
    1. This deed partitions property equally between two parties, who were previously joint owners as legal heirs. 2. The property described in Schedule A is divided, with portions described in Schedules B and C allotted to each party separately. 3. The parties agree to hold their separate portions exclusively and release any claims on the other's property. Each will be responsible for their portion's taxes and liabilities going forward.

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    © © All Rights Reserved

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    1. This deed partitions property equally between two parties, who were previously joint owners as legal heirs. 2. The property described in Schedule A is divided, with portions described in Schedules B and C allotted to each party separately. 3. The parties agree to hold their separate portions exclusively and release any claims on the other's property. Each will be responsible for their portion's taxes and liabilities going forward.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    111 views2 pages

    Deed of Partition

    Uploaded by

    AJAY YADAV
    1. This deed partitions property equally between two parties, who were previously joint owners as legal heirs. 2. The property described in Schedule A is divided, with portions described in Schedules B and C allotted to each party separately. 3. The parties agree to hold their separate portions exclusively and release any claims on the other's property. Each will be responsible for their portion's taxes and liabilities going forward.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    DEED OF PARTITION

    This DEED OF PARTITION executed at , this day of 201X


    between

    1. S/o residing at
    2. S/o residing at

    Which term shall mean and include their respective heirs, legal representatives,
    executors, administrators, assigns etc.

    WHEREAS the property more fully set out in the Schedule A hereunder are the
    properties of the late who died in testate at on leaving the parties
    herein as Class I legal heirs to succeed the said property;

    WHEREAS the parties herein have been enjoying the property more fully
    described in the Schedule A hereunder-in common.

    WHEREAS certain misunderstanding arose between the parties herein and in


    order to avoid the same and to preserve the dignity of the family and its members, it has
    been decided to settle the issue in a fair and cheerful manner;

    NOW THIS DEED OF PARTITION WITNESSETH:

    THAT in pursuance of the above, the Parties herein mutually agree as follows:

    1.THAT Party of the First Part is allotted the property more fully described in
    the Schedule B hereunder and the said Party of First Part shall henceforth be separate and
    exclusive owner of the said property allotted to her.

    2. THAT Party of the Second Part is allotted the property more fully
    described in the Schedule C hereunder and the said Party of First Part shall henceforth be
    separate and exclusive owner of the said property allotted to her.

    3. Each of the Parties herein shall hereafter hold and enjoy the property so allotted in
    severalty and freed and discharged from all claims and demands of the other thereto
    subject however to the terms and conditions hereinafter set forth.

    4.Each of the Parties herein releases has no manner of any right and interest in property
    allotted to others so much so that each of the parties hereto is the sole and absolute owner
    in his/her right of the properties allotted to him/her in the relevant Schedules.

    5.There are no encumbrances or charges on the properties hereby partitioned.


    6.The property hereby allotted to each party has been entered upon this day and
    henceforth beheld in severalty by such party without any interruption or disturbance by
    the other or any one claiming through or under him/her.

    7.Each of the parties herein shall meet all the liabilities in respect of the public charges,
    taxes, including urban land tax and other taxes attributable to the ownership of the
    respective property allotted to each of them herein from this day onwards.

    8.Each of the parties hereto shall at the cost of the other so requiring the same do every
    such act or thing as may reasonably be required for further and more particularly assuring
    the property hereby allotted to such party.

    Schedule A
    (Total Property Partitioned)

    Market Value of the property

    Schedule B
    (Property allotted to the First Party)

    Market value of the property

    Schedule C
    (Property allotted to the Second Party)

    Market value of the property

    In Witness whereof the parties hereto have signed on the day, month and year first above
    written in the presence of

    WITNESSES: First Party

    Second Party

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