DEED
OF RELEASE
Deed
of Release made on this____________day of_________ by__________,
Adult, Indian Inhabitant, residing at___________________(hereinafter
called the First party Which expression shall unless repugnant to
the context thereof shall deem to include heirs, executors, administrators
and assigns) OF THE FIRST PART.
AND
__________________Adult,
Indian inhabitant Residing at (hereinafter called the second party,
which expression shall unless repugnant to the context thereof shall
deem to include heirs, executors, administrators and assigns) OF
THE SECOND PART
Whereas
the Party of the First Part is the legal heir of the deceased late
shri/smt.______________who died intestate.
AND
WHEREAS the said shri/smt.____________ Has left behind him a property
i.e. flat no._____situated in_______________,admeasuring about________sq.ft.
consisting of______rooms at______________.
AND
WHEREAS the second party has been residing with the deceased since
last______years.
AND
WHEREAS during life time of shri/smt. ____________he had expressed
his desire to bequeath the said flat to the party of the second
part.
AND
WHEREAS the party of the first part was also aware of the same and
as such for transmitting share and interest in the said flat no_____in
favour of the party of the second part and first party has shown
his readiness and willingness to execute necessary douments by relinquishing
his share and interest as a legal heir in the said property.
AND
WHEREAS mutually it has been agreed that for the said share and
interest as legal heir in the said property of late Shri/smt______________
For consideration of Rs_________/- To which second party has agreed
to give to the party of the first part.
AND
WHEREAS the second party in order to become exclusive owner of the
premises the first party relinquishes and ceases to have any right,
title or interest therein.
AND
WHEREAS it is necessary to bring this fact on record.
NOW
THIS DEED/INDENTURE WITNESSETH :
1.
That the first party has released and relinquished in favour of
the second party all their rights, titles and interest in the said
flat situated at________________and to hold the same as the absolute
owner alongwith all furnitures and fixtures standing thereon. And
the first party do hereby declare that the said premises is and
has been the exclusive property of the second party with effect
from___________.
That
the first party, does hereby declare that the second party is entitled
to have his name incorporated as the owner of the said flat in the
records of the society by transferring share, title and interest
in his name. And the first party will do every such assurance or
thing for further or more perfectly assuring the property released
to the second party as may be reasonably required.
IN
WITNESS WHEREOF the parties hereto have executed this instrument
on the date, first hereinabove mentioned.
Witness
1.
First
Party
2.
Second
Party
