|
PARTITION DEED
THIS PARTITION DEED executed at _________ on __________________.
BETWEEN Mr. ___________, son of ______________, Indian,
Hindu, aged about ____years, residing at _______________________________,
herein after referred to as the PARTY OF THE FIRST PART
(which expression shall, unless it is repugnant to the
context mean and include his legal representatives, executors,
administrators and assigns)
AND
Mrs. __________, wife of / widow of ___________________,
Indian, Hindu, aged about _____years, residing at ________________,
herein after referred to as the PARTY OF THE SECOND
PART (which expression shall, unless it is repugnant
to the context mean and include her legal representatives,
executors, administrators and assigns);
AND
Miss. ____________, daughter of _______________, Indian,
Hindu, aged about ____years, residing at ________________________,
herein after referred to as the PARTY OF THE THIRD PART
(which expression shall, unless it is repugnant to the
context mean and include his legal representatives,
executors, administrators and assigns)
The above three parties are herein after together referred
to as 'THE PARTIES'.
WHEREAS
1. The parties are all members of the Hindu Undivided
Family. The party of the first part is the Karta. The
party of the second part is the _______________of the
Karta and the party of the third part is __________________of
the Karta, respectively.
2. The said Hindu Undivided Family own the following
ancestral immovable properties:
a. ______________________________________________.
b. _________________________________________________.
c. ___________________________________________________.
Morefully described in Schedule-A to this Deed. The
total value of the immovable properties is Rs.___________________.
3. The movable properties consists of ________________________________________
_____________________________________Morefully described
in Schedule-B to this Deed. The total value of the said
movable properties is Rs.____________.
4. The parties have, therefore, partitioned the said
properties and desired to record the same in the following
manner:
NOW THIS DEED WITNESSETH AS FOLLOWS:
1. On partition, each of the party hereto is equally
entitled to ____________________ _______________, the
value of which is Rs._________. The properties are divided
among the parties in the following manner: a. The party
of the first part is allotted ___________________________________________,
more fully described in Schedule - I-to this Deed. b.
The party of the second part is allotted ________________________________________,
more fully described in Schedule -II to this Deed. c.
The party of the third part is allotted _________________________________________,
more fully described in Schedule-III to this Deed. The
balance amount of Rs._________ is paid as owelty by
the party of the second part to the party of the third
part.
2. The parties hereto, upon mutual agreement have discharged
the outstanding debt to the tune of Rs._________________________________on
__________, taken as loan by ________________, for _______________________________________,
by or from out of _____________________________________.
SCHEDULE
(Fill in the schedule)
IN WITNESS WHEREOF the parties hereto affixed their
signatures on the day, month and year mentioned herein
above.
SIGNATURE OF THE PARTY OF THE FIRST PART
(Name, address in full)
SIGNATURE OF THE PARTY OF THE SECOND PART
(Name, address in full)
SIGNATURE OF THE PARTY OF THE THIRD PART
(Name, address in full)
SIGNATURE OF THE FOURTH PARTY
(Name, address in full)
WITNESSES:
(Name, address in full and signature)
1.
2.
|