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Partition

This document is a partition deed dividing property between three parties. The parties were previously members of a Hindu Undivided Family, with the first party as the Karta. The deed divides ancestral immovable and movable properties, valued at a total of Rs.____, among the three parties. Schedule I-III describe the specific properties allotted to each party, with the second party additionally paying Rs.___ in owelty to the third party. All outstanding debts of Rs.___ were also discharged from the property division.

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118 views3 pages

Partition

This document is a partition deed dividing property between three parties. The parties were previously members of a Hindu Undivided Family, with the first party as the Karta. The deed divides ancestral immovable and movable properties, valued at a total of Rs.____, among the three parties. Schedule I-III describe the specific properties allotted to each party, with the second party additionally paying Rs.___ in owelty to the third party. All outstanding debts of Rs.___ were also discharged from the property division.

Uploaded by

sundar_saddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

PARTITION DEED THIS PARTITION DEED executed at Day of Month of Year BETWEEN # Name Father Name Address on This

Proxy Name

Proxy type

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 # Name Father Name Address Proxy Name Proxy type

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 # Name Father Name Address Proxy Name Proxy type

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. 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. . (Rupees Only) 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. PARTY OF THE FIRST PART Signature # Name Proxy PARTY OF THE SECOND PART Signature # Name Proxy PARTY OF THE THIRD PART # Name Proxy
Signature

WITNESSES: Name Witness 1 Witness 2 Address Signature

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