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Deed Of Partition Between Two Tenants In Common - 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) do hereby execute this DEED OF PARTITION between themselves on this

. day ofWhereas the

properties to be partitioned through this deed have been detailed in Schedules

1 & 2 attached herewith.And Whereas

Shri.. s/o ..r/o ..owner of the aforesaid properties died on

leaving behind him the aforesaid first and second parties as his heirs who

have inherited the aforesaid property in equal shares.And Whereas the first

and second parties do hereby agree to share and divide the aforesaid property

in the following manner.NOW THIS DEED

PARTITION WITNESSES AS FOLLOWS :1.

That

in pursuance of the aforesaid agreement and in consideration of the transfer by

the second party of his share In the aforesaid property to the first Party, the

second party has received an amount, of Rs. 5,00,000/- from the first party,

the receipt whereof the second party hereby acknowledge.2.

That

the second party hereby releases his interest in the aforesaid property and

conveys his right, title and interest in the said property to the first party.3.

That

the first party shall have the custody of this deed together with the schedules

attached hereto and will at the request and cost of the second party produce

the same for inspection and will produce the same in evidence.4.

That

the first party shall bear all taxes and public charges in respect of the allotted

properties.5.

That

it is hereby declared that the value of the properties mentioned in Schedules 1

and 2 hereto is Rs. 10,00,000/- in entirety.IN WITNESS WHEREOF

the parties hereto have signed this deed on the day and year first written

above.Witnesses :1..2..Sd/-1. First party2. Second partySchedule-1.Schedule-2.


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