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Deed of Settlement

1. This deed of settlement transfers ownership of a property described in the schedule from the settlor to the settlee. 2. The settlor purchased the property described in the schedule by a sale deed and has been in sole possession until now. 3. In consideration of the natural love and affection for the settlee, the settlor hereby settles and transfers the property to the settlee with full rights of ownership and alienation.

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2K views2 pages

Deed of Settlement

1. This deed of settlement transfers ownership of a property described in the schedule from the settlor to the settlee. 2. The settlor purchased the property described in the schedule by a sale deed and has been in sole possession until now. 3. In consideration of the natural love and affection for the settlee, the settlor hereby settles and transfers the property to the settlee with full rights of ownership and alienation.

Uploaded by

Pinky Jain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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DEED OF SETTLEMENT

This Deed of Settlement executed at Chennai on this

day of

2003

by
hereinafter referred to as the SETTLOR of the One Part;
TO AND IN FAVOUR OF
hereinafter referred to as the SETTLEE of the Other Part; the terms SETTLOR

and

SETTLEE wherever occur shall mean and include their heirs, executors, legal representatives
and assigns witnesseth as follows:
WHEREAS the vacant site more fully described in the Schedule hereunder was
purchased by the SETTLOR herein by a sale deed dated

executed by

and others represented by their Power of Attorney/ Agent

and the said sale deed

was registered as Document .No.


volume No.

of

filed at pages from

to

Book No.

on the file of the Sub Registrar of

and the SETTLOR herein has been in exclusive possession and enjoyment of the property
more fully described in the Schedule hereunder till date ;
WHEREAS the SETTLOR is the exclusive owner of the property more fully
described in the Schedule hereunder and he has absolute right to dispose of the same as he
wishes ;
WHEREAS the SETTLOR out of natural love and affection he bears towards her/his
son namely
more

fully

has decided to settle the property


described

said

in

the

Schedule

hereunder

to

the

above

, the SETTLEE herein ;

NOW THIS DEED OF SETTLEMENT WITNESSETH AS FOLLOWS :


THAT in pursuance of the aforesaid recitals and in consideration of love and affection the
SETTLOR bears towards the SETTLEE herein, the SETTLOR doth hereby settle the
property more fully described in the Schedule hereunder in favour of the SETTLEE herein
with absolute rights.
THAT the SETTLOR further covenants that the property more fully described in the
Schedule hereunder can be enjoyed by the SETTLEE with full right of alienation.

THAT the SETTLOR further covenants that the property more fully described hereunder in
the Schedule

is free from all encumbrances, charges, liens, mortgages, litigation,

attachment, maintenance, lispendens, testamentary disposition etc.


THAT the SETTLOR further covenants that he has paid all the rates, taxes and other
revenue outgoing up to date in respect of the property more fully described in the Schedule
B hereunder.
THAT the SETTLOR has this day handed over the vacant possession of the property more
fully described in the Schedule

hereunder to the SETTLEE and the SETTLEE can enjoy

the property as she / he wishes.


SCHEDULE
(Property settled by this deed)

The Value of the Property is Rs.50,000/In Witness whereof the SETTLOR above named has set her hand and signature on the day,
month and year first above written in the presence of:

SETTLOR
WITNESSES:

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