Partition Deed Deeds Partition 1678 - Legal Draft

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Category : Deeds Partition

Partition-Deed

THIS DEED OF PARTITION made at Mumbai this __ day of __. 200 _

BETWEEN

Shri B A T , age 35 years, occupation - business, resident of 100 Shaniwar Peth, Mumbai 411030, hereinafter called the PARTY NUMBER ONE, (which express shall, unless repugnant to the context, mean and include his heirs, executors, administrators and assigns) of the One Part

AND

Shri C A T age 30 years, occupation - business, resident of 100 Shaniwar Peth, Mumbai 411030, hereinafter called the PARTY NUMBER TWO, (which express shall, unless repugnant to the context, mean and include his heirs, executors, administrators and assigns) of the Other Part.
WHEREAS the parties hereto are full brothers;
AND WHEREAS the parties hereto possess and own the properties bearing House No. 100 Shaniwar Peth and House No. 200 Narayan Peth, in Mumbai City, respectively described in the schedules I and II hereunder;
AND WHEREAS the properties possessed and owned by the parties are ancestral;
AND WHEREAS the parties hereto have decided to effect the partition of their properties mutually and amicably;
AND WHEREAS both the parties presently reside at House No. 100 Shaniwar Peth, Mumbai;
AND WHEREAS the parties have worked out the terms and conditions of their agreement and also decided to reduce the same into writing;
NOW, THIS DEED WITNESSES, and it is hereby mutually agreed by and between the parties as follows:
1. That the parties hereto do hereby affect the partition of their properties bearing House No. 100 Shaniwar Peth and House No. 200 Narayan Peth, Mumbai City, described in the schedules I and II, respectively.

2. That the parties hereto effect this partition under these presents mutually and by way of family adjustment and settlement.

3. That according to this partition, the property bearing House No. 100 Shaniwar Peth, described in further details in the schedule I hereunder, has been given to the share of the party No. 1, while the property bearing House No. 200 Narayan Peth, described in further details in the schedule II hereunder, has been given to the share of the party No. 2.

4. That the parties hereto do hereby declare and confirm that all other properties besides the ones covered under these presents have already been mutually distributed by them, and they do hereby, once again, confirm the same.

5. That the parties hereto shall get their names entered in the record of rights in respect of the property given to their respective shares.

6. That the party No. 1 shall continue to reside at the property, which has now been to his share, while the party No. 2 shall shift his residence to the property given to his share.

7. That the parties hereto do hereby declare and confirm that the respective party shall henceforth own, possess and enjoy the property given to his share, and the other party shall not have any right, title or interest in or over such property or any part thereof.

8. That all the expenses of stamp duty and registration charges have been bone out by the parties hereto equally.
THE SCHEDULE I OF THE PROPERTY ABOVE REFERRED TO : All that piece and parcel of land situate within the Registration Division & District Mumbai, Sub-Division & Taluka Haveli, within the local limits of the Mumbai Municipal Corporation, bearing House No. 100 Shaniwar Peth, admeasuring 3,000 sqft or thereabouts, and bounded by as follows: On or towards the East House No. 99, On or towards the South House No. 101, On or towards the West Municipal School, and On or towards the North Public Road, together with a single-storeyed building standing thereon.

THE SCHEDULE II OF THE PROPERTY ABOVE REFERRED TO : All that piece and parcel of land situate within the Registration Division & District Mumbai, Sub-Division & Taluka Haveli, within the local limits of the Mumbai Municipal Corporation, bearing House No. 200 Narayan Peth, admeasuring 3,500 sqft or thereabouts, and bounded by as follows: On or towards the East House No. 199, On or towards the South House No. 201, On or towards the West Municipal School, and On or towards the North Public Road, together with a single-storeyed building standing thereon.
IN WITNESS WHEREOF the parties hereto have signed hereunder at Mumbai the date first above mentioned.
Sd/- BAT PARTY NUMBER ONE
Sd/- CAT PARTY NUMBER TWO
Witnesses :
Sd/-xXx