Model of Deed of Partition of Hindu Undivided Family.
|Updated to:||March 2010|
|Profession:||Think Legal Resources Pvt Ltd.|
DEED OF PARTITION
THIS DEED OF PARTITION made at _______ this ___ day of _____, 2000, BETWEEN (1) ______________ residing at ____________-hereinafter referred to as " the Party of the First Part " (2) __________ residing at _________ hereinafter referred to as " the Party of the Second Part " and (3) __________ residing at ____________ hereinafter referred to as the Party of the Third Part" and reference to the parties hereto shall unless repugnant to the context or meaning thereof mean and include their respective heirs, executors, administrators and assigns;
(i) The parties hereto constituted a Hindu Undivided family named as _____________ HUF of which the party of the First Part is the Karta.
(ii) The party of the Second Part is the wife of the Karta and the party of the Third Part is the son of the party of the First and second Parts;
(iii) The Parties hereto are desirous of effectuating a total partition of the said H.U.F. of which they are members;
(iv) The said H.U.F. is seized and possessed of the following assets:
List of Assets
Office Premises No.___________ on the _____________ floor of the building known as _____________, situate at _______________, hereinafter referred to as " the said office", more particularly described in the first Schedule hereinunder written.
Flat on the __th floor of the `__' Wing of the building known as ______ admeasuring ___ sq.ft., equivalent to ____________ sq.m, built up area together with the exclusive right to use terrace adjoining to the said flat and along with car parking space No. ______ on the West side of the said building situated at _________ hereinafter referred to as "the said flat" and more particularly described in the Second Schedule hereinunder written;
furniture in the said premises;
Jewelry as listed in the valuation Report dated _________- prepared by ___________, Registered valuer.
Government Securities, Units of the Unit Trust, PPF balance, monies receivable from various parties etc;
(v) The parties hereto have agreed to divide the assets and liabilities of the said H.U.F. between all the members as herein provided:-
NOW THIS DEED OF PARTITION WITNESSETH AND IT IS MUTUALLY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:
The parties agree that the joint family known as _____ HUF stands completely partitioned with effect from this date and that the parties have no right against each other save and except as mentioned in this Deed.
The H.U.F. Bank Account at _________________...
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