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Partition Deed for Surface Estate

Partition Is The Opposite Of

Name: Partition Deed for Surface Estate
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.67 (481 reviews)

Category:

Oil Gas and Minerals - Deeds

State:

Multi-State

Control #:

US-OG-316

Format:

Instant download

Description What Is The Opposite Of Partition

When parties own undivided interest in the surface of lands, if they desire to divide the lands so that each party owns, separately, a particular tract, this can be accomplished by the parties partitioning the lands. Then each will own a separate part of the lands in which all the parties owned an undivided interest. This form of partition deed accomplishes this objective.

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How to fill out Partition Deed For Surface Estate?

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What Is A Partition Deed Form Rating

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FAQ

Undivided share of co-owners The co-owner can sell even his undivided share in the absence of any partition deed. The buyer of the share steps into the shoes of the co-owner. He can enforce partition. He acquires the rights of the transferor.

The partition deed is required to be registered at the office of the sub-registrar of the place where the property is situated as in case of any other registration. The stamp duty payable in such a case is Rs 1,000 for each share of the property. Further, the registration fee will be Rs 500.

A Partition By Sale allows a co-owner of real property to force a sale of the entire property despite the unwillingness of any co-owner.The Court must determine that under the circumstances, sale and division of the proceeds would be more equitable than division of the property.

Another method is to partition the land through some legal agreements & documents whereby the undivided interests become DIVIDED interests into individual sole title owners. In this case, each owner receives a share of their deeded land with specific boundaries .

2012 if the partition between lawful persons for lawful property mean., the registered partition deed can be treated as title deed.

If you are tenants in common, you have an undivided interest in the property; as this type of owner, you can sell only your interest in the property. To sell the whole piece, all owners must agree to sell. Joint tenancy gives rights of survivorship to the surviving co-owner when one of the owners dies.

Pursuant to the aforesaid agreement, the parties to this deed of partition, hereby divide the joint-family property in five equal shares for which purpose the same had been split up into five lots, each of such lot being incorporated in a separate Schedule attached to this deed whereby the properties mentioned in

A partition deed for a property is executed to divide the property among different people - usually among the family members. A partition is a division of a property held jointly by several persons, so that each person gets a share and becomes the owner of the share allotted to him.

Partition Is The Opposite Of

Description What Is The Opposite Of Partition

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FAQ

Can I sell my share of undivided property?

How do I create a partition deed?

Why would a co owner of a property file a partition suit?

How do you divide undivided property?

Is partition deed a title document?

Can you sell an undivided interest in land?

How do I draft a partition deed?

How do you separate joint properties?

How do you divide undivided interest in land?

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