Deed Of Conveyance Of The Reversion Legal Draft Template

This Deed of

Conveyance is made at ... this ... day of... between Mr 'A' of... (hereinafter

referred to as the 'Vendor') of the One Part and Mr. 'B' of ... (hereinafter

referred to as the 'Purchaser) of the Other PartWhereas the Vendor is

absolutely seized and possessed of or otherwise well and sufficiently entitled

to the land and premises situate at ... and more particularly described in the

Schedule hereunder written. subject as hereinafter recited.And Whereas by a Deed

of Lease dated the ... day of ... made between the Vendor therein referred to

as the Lessor of the One Part and Mr.... therein referred to as the 'Lessee' of

the Other Part and registered under S. No. ... of Book No. I at the Office of

the Sub Registrar at ... the Vendor has demised the said land and premises to

the Lessee for a period of... years at the annual rent of Rs.... and subject to

the covenants, terms and conditions therein mentioned.And Whereas the

Vendor has agreed to sell all his reversionary rights in the said property to

the Purchaser at the price of Rs.... and has received from the Purchaser a sum

of Rs.... as earnest money on the execution of the said agreement.And Whereas the

Purchaser has requested the Vendor to execute these presents which he has

agreed to do.And Whereas for the

purposes of stamp duty the consideration or the market value is fixed at Rs

........NOW THIS DEED

WITNESSETH that pursuant to the said agreement and in consideration of the sum

of Rs.... paid as earnest money and of the sum of Rs.... paid on or before the

execution of these presents, making together the said sum of Rs ..... agreed to

be paid by the Purchaser to the Vendor (receipt whereof the Vendor hereby

admits). He, the Vendor doth hereby convey and transfer by way of sale unto the

Purchaser all that piece of land with the building and structures standing

thereon situate at .... In the Registration Sub District of ... and more

particularly described in the Schedule hereunder written and delineated on the

plan thereof hereto annexed by red coloured boundary line TOGETHER WITH ALL the

things permanently attached thereto or standing thereon and all the privileges,

casements, profits, rights and appurtenances whatsoever to the said land and

other premises or any part thereof belonging or anywise appertaining thereto

and ALL the estate, rights, title, interest, use, possession, benefit, claim

and demand whatsoever at law or otherwise of the Vendor to the said piece of

land and other the premises hereby conveyed and every part thereof TO HOLD the

same unto and to the use and benefit of the Purchaser absolutely and forever

but subject to the said Deed of Lease and the term thereby demised And subject

to the covenants. terms and conditions therein contained. and also subject to

the payment of all rents, rates, taxes, assessments, dues and duties now

chargeable and payable by the Vendor as Lessor and that may become chargeable

and payable from time to time hereafter by the Vendor as Lessor in respect of

the same to the Government or the Municipal Corporation of ... or any other

public body or local authority In respect thereof.AND the Vendor doth

hereby covenant with the Purchaser that,1.

The

Vendor now has. as reversionary owner, in himself good right and full power to

convey and transfer by way of sale the said piece of land, and other the

premises hereby conveyed or intended so to be unto and to the use of the

Purchaser in the manner aforesaid.,2.

The

Purchaser may from time to time and at all times but subject to the rights of

the said Lessee possess and enjoy the said land, and premises hereby conveyed

with its appurtenances, and receive the rents. issues and profits thereof and

every part thereof for his own use and benefit without any suit. or

interruption, claim and demand whatsoever from or by him the Vendor or his

heirs or any of them or by any person or persons claiming or to claim. from

under or In trust for him or any of them;3.

The

Purchaser shall as reversionary owner hold the said land and premises free and

clear and freely and clearly and absolutely exonerated. and forever released

and discharged or otherwise by the Vendor and well and sufficiently saved,

defended, kept harmless and indemnified of from and against all former and

other estates. titles, charges, and encumbrances whatsoever, made. occasioned,

and suffered by the Vendor or by any other person or persons claiming or to

claim by. from, under or in trust for him;4.

The

Vendor and all persons having or claiming any estate. right. title. or Interest

in the said land, and premises hereby conveyed or any part thereof by. from.

under or in trust for the Vendor or his heirs, executors. administrators or any

of them shall and will from time to time and at all times hereafter at the

request and costs of the Purchaser do and execute and cause to be done and

executed all such further and other lawful acts, deeds, things, In the law

whatsoever for the better and more perfectly and absolutely granting the said

land, and premises and every part thereof hereby conveyed as reversionary owner

unto and to the use of the Purchaser in the manner aforesaid as by the

Purchaser, his heirs, executors or administrators and assigns shall be

reasonably required.IN WITNESS WHEREOF

the Vendor has put his hand the day and year first hereinabove written.THE SCHEDULE ABOVE

REFERRED TODescription of the

property)Signed and 'delivered

by the withinnamed Vendor Mr... in the presence ofRECEIVED the day and

year first hereinabove written from the abovenamed Purchaser the sum of Rs ...

which together with the sum of Rs... received as earnest money as aforesaid

makes up the sum of Rs... being the full consideration to be paid by him to me.WitnessesI SAY RECEIVEDVendor.