Surrender Deed
This Deed
of Surrender_________ made this _________day of__________, between _________
age about ______ , occupation _________, residing at
___________________________, at________of the FIRST PART
AND
___________(
a co-operative housing society LTD, registered under _____________dt _________
having registered office at present at __________________ hereinafter called
party of the SECOND PART ( hereinafter called and referred to as ‘Society’,
which expression shall unless repugnant to the context or meaning thereof be
deemed to mean and include its administrators, liquidators, etc).
WHEREAS
the society is registered under provisions of_______________Act, 1960 and the
parties of the FIRST PART is holding right, title, and interest in respect of
the shares and share certificate allotted to her/him as member and also the
holder of incidental rights of occupation in respect of plot no.____
admeasuring about _________ sq.mtrs. i.e _____ sq. fts. More particularly
described in schedule hereunder
ANDWHEREAS
the said member till this day did not construct on the said plot reserved for
her and which remained vacant,
WHEREAS
the said party of the FIRST PART do not desire to construct and occupy the said
plot no. ____ in future and that the party of the FIRST PART are desirous of
transferring their properties in favor of the person who shall be admitted as a
member of the society and has further admitted to transfer her share and
interest in respect on plot no _________ and has further requested the society
that she has no interest existing in the said plot no _________ and she is
ready and willing to surrender her leasehold rights in the society willfully
alongwith the right, title, if any and interest in shares without any
consideration from the society.
ANDWHEREAS
the member is a lessee in respect of plot no. ____ under the registered lessee
deed dt _________ registered in the office of Sub-Registrar,___________ at Sr.
_________on_________, and
WHEREAS
the said party of the FIRST PART do not desire to construct and occupy the said
plot no. ____ in future and that the party of the FIRST PART are desirous of
transferring their properties in favor of the person who shall be admitted as a
member of the society and has further admitted to transfer her share and
interest in respect on plot no _________ and has further requested the society
that she has no interest existing in the said plot no _________ and she is
ready and willing to surrender her leasehold rights in the society willfully
alongwith the right, title, if any and interest in shares without any
consideration from the society.
The
society has accepted the surrender of the said plot no. _________in favor of
the society and in lieu of the said surrender the society is ready to pay to
the parties of the FIRST PART and the share money which stands as Rs.
_________and the amount in respect of the plot standing in her name, and
NOW THIS
deed or surrender witnesseth as under:-
That the
party of the FIRST PART has surrendered without any consideration but accepting
refund of Rs. _________ all her rights, title and interest as lessee and
otherwise all the rights as member in respect of the said property i.e plot no.
_________ which has been described in as hereunder, in favour of the society
and the society has accepted the said surrender of the said plot from the party
of the FIRST PART . The society by virtue of this surrender of the said plot
has got all powers and control over the said acts of surrender in respect of
the plot no. _________ under the N.C.S. Act . 1960.
IN
WITNESSETH WHEREOF the parties hereinabove mentioned have put their seal and
signatures on the day and date hereinabove mentioned in presence of the
witnesses:-
DESCRIPTION OF THE PROPERTY
All that
piece and parcel of land bearing plot no. _________ situated on the lessors
estate bearing S.Nos. _________&_________(part) in the village_________ in
registration sub district of haveli, dist.- _________, within the limits of
_______ municipal corporation and bounded as follows:-
ON OR TOWARDS EAST:
ON OR TOWARDS SOUTH:
ON OR TOWARDS WEST :
ON OR TOWARDS NORTH:
Measuring
approximate. _________Sq. mtr i.e. . _________sq.fts.
THE PARTY
OF THE FIRST PART
THE PARTY
OF THE SECOND PART
WITNESSESS:-
1.
2.This judgment is reproduced from a publicly available source for informational purposes and does not constitute legal advice. If you believe this listing contains an error,
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