Deed Of Release Legal Draft Template
| Category | Deeds |
| Format | Word Document |
| File name | DEED OF RELEASE.doc |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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DEED OF RELEASE
Deed of Release made on this day of
by , Adult, Indian Inhabitant, residing
at (hereinafter called the First party Which
expression shall unless repugnant to the context thereof shall deem to
include heirs, executors, administrators and assigns) OF THE FIRST PART.
AND
Adult, Indian inhabitant Residing at (hereinafter called
the second party, which expression shall unless repugnant to the context
thereof shall deem to include heirs, executors, administrators and
assigns) OF THE SECOND PART
Whereas the Party of the First Part is the legal heir of the deceased late
shri/smt. who died intestate.
AND WHEREAS the said shri/smt. Has left behind him a
property i.e. flat no. situated in ,admeasuring
about sq.ft. consisting of rooms at .
AND WHEREAS the second party has been residing with the deceased since
last years.
AND WHEREAS during life time of shri/smt. he had
expressed his desire to bequeath the said flat to the party of the second
part.
AND WHEREAS the party of the first part was also aware of the same and as
such for transmitting share and interest in the said flat no in favour of
the party of the second part and first party has shown his readiness and
willingness to execute necessary documents by relinquishing his share and
interest as a legal heir in the said property.
AND WHEREAS mutually it has been agreed that for the said share and
interest as legal heir in the said property of late Shri/smt
For consideration of Rs /- To which second party has agreed to
give to the party of the first part.
AND WHEREAS the second party in order to become exclusive owner of the
premises the first party relinquishes and ceases to have any right, title
or interest therein.
AND WHEREAS it is necessary to bring this fact on record. NOW THIS
DEED/INDENTURE WITNESSETH :
- That the first party has released and relinquished in favour of the
second party all their rights, titles and interest in the said flat
situated
at and to hold the same as the absolute owner along
with all furniture's and fixtures standing thereon. And the first party do
hereby declare that the said premises is and has been the exclusive
property of the second party with effect from .
That the first party, does hereby declare that the second party is entitled
to have his name incorporated as the owner of the said flat in the records
of the society by transferring share, title and interest in his name. And
the first party will do every such assurance or thing for further or more
perfectly assuring the property released to the second party as may be
reasonably required.
IN WITNESS WHEREOF the parties hereto have executed this instrument on the
date, first hereinabove mentioned.
Witness
- First Party
- Second Party
Deed of Release made on this day of
by , Adult, Indian Inhabitant, residing
at (hereinafter called the First party Which
expression shall unless repugnant to the context thereof shall deem to
include heirs, executors, administrators and assigns) OF THE FIRST PART.
AND
Adult, Indian inhabitant Residing at (hereinafter called
the second party, which expression shall unless repugnant to the context
thereof shall deem to include heirs, executors, administrators and
assigns) OF THE SECOND PART
Whereas the Party of the First Part is the legal heir of the deceased late
shri/smt. who died intestate.
AND WHEREAS the said shri/smt. Has left behind him a
property i.e. flat no. situated in ,admeasuring
about sq.ft. consisting of rooms at .
AND WHEREAS the second party has been residing with the deceased since
last years.
AND WHEREAS during life time of shri/smt. he had
expressed his desire to bequeath the said flat to the party of the second
part.
AND WHEREAS the party of the first part was also aware of the same and as
such for transmitting share and interest in the said flat no in favour of
the party of the second part and first party has shown his readiness and
willingness to execute necessary documents by relinquishing his share and
interest as a legal heir in the said property.
AND WHEREAS mutually it has been agreed that for the said share and
interest as legal heir in the said property of late Shri/smt
For consideration of Rs /- To which second party has agreed to
give to the party of the first part.
AND WHEREAS the second party in order to become exclusive owner of the
premises the first party relinquishes and ceases to have any right, title
or interest therein.
AND WHEREAS it is necessary to bring this fact on record. NOW THIS
DEED/INDENTURE WITNESSETH :
- That the first party has released and relinquished in favour of the
second party all their rights, titles and interest in the said flat
situated
at and to hold the same as the absolute owner along
with all furniture's and fixtures standing thereon. And the first party do
hereby declare that the said premises is and has been the exclusive
property of the second party with effect from .
That the first party, does hereby declare that the second party is entitled
to have his name incorporated as the owner of the said flat in the records
of the society by transferring share, title and interest in his name. And
the first party will do every such assurance or thing for further or more
perfectly assuring the property released to the second party as may be
reasonably required.
IN WITNESS WHEREOF the parties hereto have executed this instrument on the
date, first hereinabove mentioned.
Witness
- First Party
- Second Party