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Deed Of Partition Between Co Owners - Legal Draft

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Category : Agreements Partition

Shri.s/or/o.(hereinafter

called first party), and Shri ..s/o.. r/o..(hereinafter called second

party) Shri.s/or/o.(hereinafter called third party), and do hereby

execute this Deed of Partition between themselves on this . day ofWhereas the aforesaid

parties are the co-owners in equal shares of the properties mentioned in the

Schedules 1, 2, and 3 of this deed of partition.Whereas the aforesaid

properties were purchased by the aforesaid parties on.from Shri s/o

. r/o . vide sale-deed dated..and registered onAnd Where as the

aforesaid parties have mutually agreed to divide the said properties amongst

themselves in order to avoid any future dispute with regards to the said

properties.And Whereas the

aforesaid parties have agreed to assign the land comprising an area of

..Bighas..Biswas bearing Khasra No.and Khatauni No.situated

at,mentioned and mapped in Schedule 1 to first party and the land comprising

an area of ..situated at..bearing the Khasra Noand Khatauni

No. detailed in Scheduled 2 to this deed to second party and the land

alongwith the trees standing thereon comprising an area of.situated

atbearing Khasra No.and Khatauni No..detailed in Schedule 3

to this deed to the third party. The aforesaid parties have also mutually

agreed that the aforesaid parties become sole and absolute owners of the

allotted properties.And Where as the

aforesaid parties have taken possession of the properties assigned to them as

aforesaid.NOW THIS DEED

WITNESSES AS FOLLOWS ;1.

That

in consideration of the right title and interest made in accordance with the

aforesaid terms of this deed and in accordance with the conditions hereinafter

mentioned release and relinquish their interest in the properties allotted to

other parties and each of the said parties hereby conveys to each others party

separately his right, title and interest therein so as to constitute each party

to this deed the sole and absolute owner of demands of other thereto or

concerning therewith, as from the date of this deed.2.

That

the original deed of partition shall be retained by first party, at true copy

thereof signed by each party has been delivered to the other said parties who

shall be entitled to require production of the original from the first party

before any Court or public office or Bank or Insurance Company etc. it so

desired.3.

That

the parties have agreed that all taxes and public charges in respect of the

allotted properties shall be borne by the parties themselves.4.

That

each party will execute such deed or do all other acts necessary which may be

requisite for more effectually assuring the party so requiring and at his cost,

in the manner required by law and appear before revenue or other authorities to

have mutation effected in respect of the party assigned to the party concerned.5.

That

the valuation of the entire property under this partition-deed is fixed at Rs.

5 lacs.IN WITNESS WHEREOF

the aforesaid parties have signed this deed of partition on the day and year

first before written.Witnesses :1..2..Sd/-1. First party2. Second party3. Third partySchedule-1.Schedule-2.Schedule-3


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