Scribd Logo
Upload

Welcome to Scribd!

  • 31 views

    Partition Deed

    Uploaded by

    Sahana Mathpati
    This deed of partition divides the properties of a joint Hindu family among its four members following the death of the father. The properties, listed in attached schedules, are valued at a total of Rs. [amount] and will be divided equally among the four parties. Parties 1 and 4 will retain the property in Schedule 1 and pay the other parties their share of its value. All parties relinquish claims to the other properties, granting sole ownership to the allotted parties. The original deed will be kept by Party 1 for safekeeping and legal purposes.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Partition Deed

    Uploaded by

    Sahana Mathpati
    31 views2 pages
    This deed of partition divides the properties of a joint Hindu family among its four members following the death of the father. The properties, listed in attached schedules, are valued at a total of Rs. [amount] and will be divided equally among the four parties. Parties 1 and 4 will retain the property in Schedule 1 and pay the other parties their share of its value. All parties relinquish claims to the other properties, granting sole ownership to the allotted parties. The original deed will be kept by Party 1 for safekeeping and legal purposes.

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This deed of partition divides the properties of a joint Hindu family among its four members following the death of the father. The properties, listed in attached schedules, are valued at a total of Rs. [amount] and will be divided equally among the four parties. Parties 1 and 4 will retain the property in Schedule 1 and pay the other parties their share of its value. All parties relinquish claims to the other properties, granting sole ownership to the allotted parties. The original deed will be kept by Party 1 for safekeeping and legal purposes.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views2 pages

    Partition Deed

    Uploaded by

    Sahana Mathpati
    This deed of partition divides the properties of a joint Hindu family among its four members following the death of the father. The properties, listed in attached schedules, are valued at a total of Rs. [amount] and will be divided equally among the four parties. Parties 1 and 4 will retain the property in Schedule 1 and pay the other parties their share of its value. All parties relinquish claims to the other properties, granting sole ownership to the allotted parties. The original deed will be kept by Party 1 for safekeeping and legal purposes.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    Deed of Partition between Members of a Joint Hindu Family

    This Deed of Partition is made on the ........ day of .................. amongst KK, son of DD
    (called first party) ; RK, son of DD (called second party) ; SK son of DD (called third party)
    and Smt. SD, wife of DD, deceased (called fourth party), members of a Joint Hindu Family
    belonging to ............... caste, residing principally at ................................., the ancestral home
    of the family.

    Whereas DD, father of parties Nos. 1, 2 & 3 and husband of party No.4, died
    on ....................... ;

    And Whereas the said DD was the Karta of the Joint Hindu family consisting of his sons and
    wife and was possessed of properties mentioned in Schedule I to IV attached to this deed ;

    And Whereas parties Nos. 1 and 2 are living at .............................. and both carry on their
    separate business out of their separate funds, and the parties Nos. 1, 2 & 3 wish to partition
    the joint-family properties so that no dispute should arise among them ;

    And Whereas at the well founded advice of the family friend Shri KC, Advocate, the parties
    to this deed have put all the properties belonging to each of them separately into the joint
    family hotchpotch, but excluding the business assets of parties Nos. 1 & 2 which are the
    result of their separate earnings; property in Schedule 1 valued at Rs. .................... and other
    properties in Schedules 2, 3 & 4 valued at Rs.................

    And Whereas in consideration of the absolute or sole ownership acquired by each party in
    respect of the allotment made to such party out of the hitherto joint property and in
    consideration of the covenants hereinafter mentioned and agreed to by all the aforesaid
    parties the said parties resolved to incorporate the terms of the partition in a deed of partition.

    NOW THIS DEED WITNESES AS FOLLOWS :

    1. That the parties to this deed have agreed that the properties subject to partition are of
    the value of Rs............. and the value of the separated share shall be Rs............ each
    which shall be the value for the purpose of stamp duty.

    2. That the property mentioned in the Schedule 1 shall be retained by parties Nos 1 & 4
    since they continue to live in that property as before and in lieu of the share in the
    property of Schedule 1 parties Nos.1 and 4 shall pay to parties Nos. 2 and 3
    Rs............being their combined share and parties Nos. 2 & 3 have accepted the
    payment of Rs.............. in lieu of their share in the property in Schedule 1.

    3. That the parties Nos. 2 & 3 release their interest in the property of Schedule I and
    convey to parties Nos 1 and 4 separately their right, title and interest thereon and
    similarly parties Nos. 1 and 4 release their right, title, and interest in the properties
    mentioned in the Schedules 2, 3 & 4, so that parties Nos. 1 & 4 and Nos.2 and 3
    constitute the sole and absolute owners of the properties in Schedule 1 and in
    Schedules II, III and IV respectively. The title deeds in respect of the items of the
    property which are forthcoming have been delivered to each of the parties to whose
    share the items of property relating to the title-deeds have been allotted.
    4. That the original deed of partition shall be retained by party No. 1 for the purpose of
    safe keeping and production before court or public.

    5. That the parties have agreed that all the taxes and public charges in respect of the
    allotted properties shall be borne by the parties themselves.

    IN WITNESS WHEREOF the parties aforementioned have executed this deed of partition on
    the date aforementioned.

    Witness: Sd/-

    1. KK

    2. RK

    3. SK

    1. ________________ 4. Smt. SD

    You might also like