PARTITION DEED 

THIS DEED OF PARTITION made at {city} _________this ___ day of __________, 20___ BETWEEN (1) _______________________,Indian resident residing at ____________ _______________, hereinafter called Party of the First Part, (2) __________________, Indian resident residing at____________ ____________________ , hereinafter called Party of the Second Part, (3) ________________________, ____________________
Indian resident residing at_____________, hereinafter called Party of the Third Part.

W H E R E A S :

1) ___________ is the Karta and Manager of the joint and undivided Hindu family, carrying on the activities under the name of "________________________" and _____________________________" (hereinafter referred to as "the said ___", consisting of the said ___________, his wife, the said __________, and the said ____

2) The said ___ {Karta} owned and possessed immediately before the partition the following assets:

i) A flat at _________,______{city} worth Rs. ____ ( Rupees __________/-only) at current estimated prices.

ii) Bank balance of Rs._______ with ___________Bank, _____________{city}

3)The parties hereto agree that as on the ___ day of ______________ total partition has been effected amongst the members in respect of all the assets held by the said HUF on such partition :

    • the said _________ has been allotted the cash balance in the above mentioned Bank of an amount equla to Rs. _________ ( Rs. ______only)
    • The flat at __________,______ stands transferred to the said _________

NOW THIS INDENTURE WITNESSETH AND IT IS HEREBY AGREED AND DECLARED BY and between the parties hereto as under: 

  • The parties hereto hereby declare that the said HUF has been fully partitioned on the ___ day of ______________. 
IN WITNESS WHEREOF the parties hereto have set and subscribed their respective hands on the day and year first hereinabove written. 

SIGNED AND DELIVERED by the    )
withinnamed                                    ) 
1) __________________________    ) ___________________ 
2) __________________________    ) ___________________ 
3) __________________________    ) ___________________ 

in the presence of ............              )