RELEASE (2)

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RELEASE DEED(flat)

THIS DEED OF RELEASE is made and executed on this the


___________ day of __________ year by

Sri____________________ S/o, D/o, W/o. ____________________,


aged about __________ years, Occupation: ___________________
Resident of D.No. ________________________________________

Represented by his / her agent


Being minor Represented by Father/Mother/Brother/Guardian
Sri____________________ S/o, D/o, W/o. ____________________,
aged about __________ years, Occupation: ___________________
Residing at ______________ under general / special
power of attorney dated________ Registered as Document
Number_____ of Year_____ Book IV of RO/SRO__________.

(Hereinafter called the “RELEASOR”)

INFAVOUR OF

Sri____________________ S/o, D/o, W/o. ____________________,


aged about __________ years, Occupation: ___________________
Resident of D.No. ________________________________________

Being minor represented by Father/Mother/Brother/Guardian

Sri____________________ S/o, D/o, W/o. ____________________,


aged about __________ years, Occupation: ___________________
Residing at ______________

(Hereinafter called the “RELEASEE”)


The terms “RELEASOR” and “RELEASEE” herein used shall

wherever the context so admits mean and include their respective heirs,

executors, successors, administrators and assignees etc.

WHEREAS the Releasor and the Releasee are the sole and
absolute joint owners Plot bearing Plot No./House No. ____________________,
Survey No._____________situated at Ward No.__________Block No __________
___________Muncipal Corporation / Muncipality which was inherited / having acquired
through a Sale/Gift/Gift settlement/Partition/Will deed registered as Document No.-
______________ of S.R.O. ____________________ copied in Volume No.
____________________ at Page ____________.

The scheduled property has been inherited by the Releasor and


Releasee herein from Sri_____________ who acquired the said property by
means of a registered Doct.no._____________ / by inheritance and he / she
died intestate leaving the Releasor and Releasee as his / her legal heirs.
Hence they have become co – parceners of the scheduled property.

WHEREAS the said property is fully described in the Schedule hereto

and more clearly delineated in the plan annexed with the boundaries

thereof shown in red color.

WHEREAS the parties hereto are unable to enjoy the said property

jointly and the said property is incapable of division by metes and

bounds for convenient separate enjoyment.


WHEREAS the Releasor has decided to release his / their

__________ Joint right in respect of the above said property in favour of the

Releasee and the Releasor has not taken any consideration from the

Releasee in respect of the schedule property / taken Rs___________ towards

consideration from the release in respect of the said released property which

the releasor here by acknowledges.

NOW THEREFORE this Deed of Release witnesses that in

pursuance of the said offer the Releasor does hereby release

renounce, relinquish and disclaim his ___________ joint right, title,

and interest in the said property in favour of the Releasee to have and to

hold the same as absolute owner of the said property exclusively together

with ways, liberties, privileges, easements and appurtenances belonging or

appertaining thereto.

1. The Releasee shall hence-forth enjoy the said property as

sole and absolute owner without any interruption or disturbance from

the Releasor or any person or persons claiming under the Releasor.

2. The Releasor hereby assure the Releasee that he/she has

not encumbered his/her ____________ joint right in the said property

and the Releasor shall indemnify the Releasee if any such

encumbrance is found to exist.


3. The Releasor hereby agree to do any further act for further

and more perfectly assuring the said property to the Releasee

exclusively/ The Releasor agree to co-operate with the Releasee to get

the said property mutated exclusively in the name of the Releasee in

Revenue Records.

5. The land is not an assigned land within the meaning of A.P. Assigned
lands (Prohibition of Transfers) Act 9 of 1977 and it does not belong to or
under mortgage to Govt. Agencies/Undertaking, And there is no house
or any constructions in the said land if any structure is there, we
may be prosecuted Under Section 27 & 64 of Indian Stamp Act.

6. There are no other co-owners to the said property except the Releasor
and the Releasee.

7. The scheduled property is not an assigned land within the meaning of


A.P. Assigned lands (Prohibition of Transfers) Act. No.9 of 1977 and it
does not belong to or under mortgage to Government agencies or their
undertakings.

(Annexure. IA to be attached to the document)


SCHEDULE OF THE PROPERTY

‘A’ SCHEDULE PROPERTY

All that piece and parcel of the site admeasuring ___________ Sq.yards /
________Sq.Mts. Survey No___________ Ward No_______ Block No.________
Situated at __________Muncipal Corportation / Muncipality _________ Sub District
____________Registration District.

Which is more fully described in the plan annexed hereto and marked in RED colour

and bounded as under:

NORTH :

SOUTH :

EAST :

WEST :

In the above property undivided share of _________ Sq.yards _______ Sq.Mts

‘B’ SCHEDULE PROPERTY

Flat No._____________ in _________Floor With a Plinth Area of ______Sq.Feet


including common areas along with parking area admeasuring _______ Sq.Feet in the
residential / commercial complex named ________________ constructed in the ‘A’
Schedule Property bounded by,

NORTH :

SOUTH :

EAST :
WEST :

IN WITNESS WHEREOF, the Releasor hereunto has set his hand to

this Deed of Release on this day, month and year first above mentioned in

the presence of the following witnesses:

WITNESSES :

1. THE RELEASOR

2.

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