Respected sir/ Madam,
kindly pls comment on draft. please guide me on this draft. if anyone have better draft pls provide if its possible.
is the consideration clause necessary in release deed.
i appreciate your help.
Thank you.
Contact. sanyojanee.d@gmail.com
RELEASE DEED
THIS DEED OF RELEASE is executed on the____ day of______ at Pune.
BETWEEN
Shrimati_______
Mr.____________
Ms.____________
R/o___________________________hereinafter referred to as ‘ THE RELEAS0RS ’ of the first part;
AND
Mr.____________________R/o________________________________ hereinafter referred to as ‘ THE RELEASEE’ of the second part;
WHEREAS the Shri___________________ s/o_______________resident of______________, was the absolute owner property bearing No.________ built on plot No.___ in block No___ built on a plot of land measuring___________, situated at_________ ( hereinafter called said property )
AND WHEREAS the said shri ______________________________, intestate died on_______ leaving behind the following legal heirs _
SL. No. Names Age Relationship
1)
II)
III)
WHEREAS consequent upon the death of Shri____________ ____________________________, 1/3rd share each in the said property has devolved upon the above legal heirs.
AND WHEREAS the releasors has already orally released their interest, right, title and share in the said property and desires to enable the release to enjoy the same alone releasee as he likes.
NOW THIS DEED WITNESSETH AS UNDER:
Pursuant to their wish, as mentioned above, the releasor out of natural love and affection and without any monetary consideration, hereby with to release and relinquish their share in the said property and hereby affirm and declare that they and their legal heirs shall have no claim, right, lien or interest in the said property and the same shall vest absolutely in the said Mr.______________ son of _________, the release.
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 records of PUNE MUNICIPAL CORPORATION by transferring share, title and interest in his name.
That the releasors, voluntarily, without any pressure of any side, with their full sense and without any coercion of any side has relased their right, title and/or interest in the said property to releasee. Now the releasee is the absolute and exclusive owner of the said property.
That the actual physical possession of the said property hereby released and continues to be with releasee.
IN THE WITNESS WHEREOF the parties hereto have executed this instrument on the date, first hereinabove mentioned.
RELEASORS
RELEASEE
WITNESSES:
1.
2.
