Format Of Huf Creation Deeds Format-I Declaration (Page 5 of 6) in pdf

And whereas the second, third and fourth parties have also mutually agreed among

themselves to further divided and one-half part of the joint property allotted to them into

three equal parts and to allot a part each of the said three parts to each one of them.

NOW THIS DEED WTINESSES as follows:

(1) That the parties hereto do hereby mutually agreed and declare that they have actually

divided the hitherto joint property of the Hindu joint family of the descredants of Late

Shri ___________(here give the name of the father of the first party) among themselves

into the four Parts specified herein below, as Part I, Part II, Part III and Part IV, and

that henceforth the first party shall be the separate owner of the properties specified

and included in Part I and second party shall be the separate owner of the properties

specified and included in Part II and the third party shall be the separate owner of the

properties specified and included in Part IV and each of them shall hence forth hold and

enjoy the properties specified and included in his Part in severalty and to the exclusion

of the parties other than himself; and the parties hereto do hereby mutually release

and relinquish to the other all their respective right, title and interest in the properties

specified in the Part other than the Part allotted to himself.

(2) That the parties hereto do hereby mutually covenant with each other that:

(I) The property specified and included in the Parts allotted to each party shall be entered

upon and henceforth held and possessed in severalty by each one of them, respectively,

without any interruption or disturbance by any party other than himself.

(ii) The parties will, at the cost of one requiring the same, do every such act or thing as

may reasonably be required for further or more perfectly assuring the property hereby

allowed to each one of them.

(iii) That the parties hereto hereby declare that despite some disparity in the value given

which hare against each of the Part II, III and IV given for purposes of payment of stamp

on the said Parts, II, III and IV and the value given against Part I which is also given for

the purpose of payment stamp duty and registration charges, the partition hereby made is

fair and equitable and that while of the one hand the agreed real value of each of Parts II,

III and IV is equal on the other hand, the total of the agreed real value of Parts II, III and

IV is equal to the agreed real value of Part I.

(iv) That the expression first party, second party, third party and fourth party, shall,

unless there by anything contrary thereto in the context, mean and include, their

respective heirs, survivors, successors, representatives and assigns.

Part I

Part II

Part III

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Format Of Huf Creation Deeds Format-I Declaration Page 5