Conveyancing Problems
Conveyancing Problems
This Lease Agreement is made and executed at Hyderabad on this 12th day of May, 2026, by
and between:
[Name of Lessor], S/o [Father's Name], aged about [Age] years, residing at [Address],
hereinafter referred to as the "LESSOR" (which expression shall mean and include his heirs,
successors, and assigns) of the FIRST PART.
AND
[Name of Lessee/Company Name], represented by its Authorized Signatory [Name], having its
office at [Address], hereinafter referred to as the "LESSEE" (which expression shall mean and
include its successors-in-interest and permitted assigns) of the SECOND PART.
WHEREAS the Lessor is the absolute owner of the commercial shop/space bearing No. [Shop
Number], situated on the [Floor] Floor of the shopping complex known as "[Name of
Complex]," located at [Locality/Address], hereinafter referred to as the "Leased Premises."
The Lease is granted for a fixed period of [Number] years, commencing from [Start Date] and
expiring on [End Date]. The Lessor has handed over the symbolic and physical possession of the
Leased Premises to the Lessee for commercial use only.
• Monthly Rent: The Lessee shall pay a monthly rent of ₹[Amount]/- (Rupees [Amount in
words] only), payable in advance on or before the 5th of every English calendar month.
• Rent Escalation: The rent shall be subject to an increase of [Percentage]% every [Number]
years during the lease term.
• Security Deposit: The Lessee has deposited a sum of ₹[Amount]/- as an interest-free refundable
security deposit, to be returned by the Lessor upon the expiry of the lease, subject to deductions
for any unpaid dues or damages.
• Maintenance: The Lessee shall pay the monthly Common Area Maintenance (CAM) charges as
determined by the Shopping Complex Association.
• Utilities: The Lessee shall be responsible for the payment of electricity, water, and internet
charges based on actual consumption and meter readings.
• Repairs: The Lessor shall be responsible for major structural repairs, while the Lessee shall
maintain the interiors, fixtures, and day-to-day minor repairs at their own cost.
4. RENEWAL OPTIONS
The Lessee shall have the first right of refusal to renew the lease for a further period of [Number]
years, provided a written notice is given to the Lessor at least 90 days prior to the expiry of the
current term. The renewal shall be subject to fresh terms and a mutually agreed-upon rent.
There shall be a Lock-in Period of [Number] months, during which neither party can terminate
the lease. Post the lock-in period, either party may terminate this agreement by providing
[Number] months' prior written notice.
6. STATUTORY COMPLIANCES
The parties shall comply with the Transfer of Property Act, 1882 and the Registration Act,
1908. The cost of stamp duty and registration of this Lease Deed shall be borne by the Lessee.
SCHEDULE OF PROPERTY
Commercial Space No. [Number], measuring [Size] Sq. Ft. (Super Built-up Area), situated at
[Complex Name], [Address], bounded by:
IN WITNESS WHEREOF, the parties have signed this Lease Agreement on the day and year
first above written.
LESSOR: ____________________
LESSEE: ____________________
WITNESSES:
6.
MORTGAGE DEED
This Deed of Mortgage is made and executed at Hyderabad on this 12th day of May, 2026, by
and between:
[Name of Mortgagor], S/o [Father's Name], aged about [Age] years, residing at [Address],
hereinafter referred to as the "MORTGAGOR" (which expression shall mean and include his
heirs, executors, administrators, and assigns) of the FIRST PART.
AND
[Name of Mortgagee/Bank Name], a body corporate constituted under the [Relevant Act],
having its Branch Office at [Address], represented by its Authorized Signatory [Name],
hereinafter referred to as the "MORTGAGEE" (which expression shall mean and include its
successors-in-interest and assigns) of the SECOND PART.
WHEREAS the Mortgagor is the absolute owner and in possession of the residential property
bearing Municipal No. [Number], [Locality], [City], more particularly described in the Schedule
hereunder.
AND WHEREAS the Mortgagor has requested the Mortgagee for a loan of ₹[Amount]/-
(Rupees [Amount in words] only) for [Purpose of Loan], which the Mortgagee has agreed to
grant subject to the security of the Scheduled Property.
The Mortgagee has advanced a sum of ₹[Amount]/- to the Mortgagor. The Mortgagor covenants
to repay the said principal amount along with interest at the rate of [Percentage]% per annum.
The loan shall be repaid in [Number] Equated Monthly Installments (EMIs) of ₹[Amount]/-
each, commencing from [Date], as per the repayment schedule annexed to this Deed.
2. CREATION OF MORTGAGE
For the consideration aforesaid, the Mortgagor hereby transfers unto the Mortgagee, by way of
Simple Mortgage, the rights and interest in the Scheduled Property. The Mortgagor shall retain
physical possession of the property but the title deeds shall remain deposited with the Mortgagee
as security until full repayment of the debt.
• Maintenance: The Mortgagor shall maintain the property in good condition and shall not
commit any act of waste that reduces the value of the security.
• Taxes: The Mortgagor shall regularly pay all municipal taxes, land revenue, and other outgoings.
• No Further Alienation: The Mortgagor shall not sell, lease, or further mortgage the Scheduled
Property without the prior written consent of the Mortgagee.
• Right to Foreclosure: In the event of default in payment of three consecutive EMIs, the
Mortgagee shall have the right to cause the Scheduled Property to be sold through a court of law
under the Transfer of Property Act, 1882, to recover the outstanding dues.
• Inspection: The Mortgagee shall have the right to inspect the property at any reasonable time
during the subsistence of this mortgage.
• Release of Mortgage: Upon full and final settlement of the loan, the Mortgagee shall execute a
Deed of Reconveyance and return all original title deeds to the Mortgagor.
5. INSURANCE
The Mortgagor shall keep the Scheduled Property insured against fire, earthquake, and other
risks for its full replacement value, with the Mortgagee named as the sole beneficiary under the
policy.
SCHEDULE OF PROPERTY
Residential Property bearing No. [Number], admeasuring [Size] Sq. Yards, situated at [Locality],
[Mandal/District], bounded by:
IN WITNESS WHEREOF, the parties have signed this Mortgage Deed on the day and year
aforementioned.
MORTGAGOR: ____________________
MORTGAGEE: ____________________
WITNESSES:
7.
RELINQUISHMENT DEED
This Deed of Relinquishment is made and executed at Hyderabad on this 12th day of May, 2026,
by and between:
[Name of Releasor], S/o [Father's Name], aged about [Age] years, residing at [Address],
hereinafter referred to as the "RELEASOR" (which expression shall mean and include his
heirs, executors, and administrators) of the ONE PART.
AND
[Name of Releasee], S/o [Father's Name], aged about [Age] years, residing at [Address],
hereinafter referred to as the "RELEASEE" (which expression shall mean and include his heirs,
executors, and administrators) of the OTHER PART.
WHEREAS the Releasor and the Releasee are the joint owners and in possession of the property
more particularly described in the Schedule hereunder, having acquired the same as [Co-
parceners/Joint Purchasers/Heirs] through [Details of Title Deed/Succession].
AND WHEREAS the Releasor has decided to relinquish and release all his undivided share,
right, title, and interest in the Scheduled Property in favor of the Releasee, who is a co-owner,
without any monetary consideration, out of natural love and affection.
1. RELINQUISHMENT OF RIGHTS
The Releasor hereby absolutely and forever releases, relinquishes, and abandons all his
undivided [e.g., 1/2 or 1/3] share, right, title, and interest in the Scheduled Property in favor of
the Releasee. Consequently, the Releasee shall henceforth be the absolute and sole owner of the
entire property.
2. NO CONSIDERATION
This Relinquishment is made voluntarily and without any monetary consideration. The Releasor
covenants that he shall not, at any time in the future, claim any right, title, or interest in the
Scheduled Property or the income derived therefrom.
3. BINDING NATURE
This Deed is binding upon the Releasor and his legal heirs. The Releasor assures that he has not
created any prior charge, mortgage, or encumbrance on his share of the property being
relinquished herein.
This Deed is executed in compliance with Section 17 of the Registration Act, 1908, which
mandates the registration of any instrument that extinguishes a right in immovable property. The
Stamp Duty is paid as per the Indian Stamp Act, 1899 (as applicable in the State of [State
Name]), at the specific rates prescribed for relinquishment deeds between family members/co-
owners.
5. MUTATION OF RECORDS
The Releasor hereby gives his express consent to the Releasee to apply for and obtain the
mutation of the property records in the municipal, revenue, or other statutory departments to
reflect the Releasee as the sole owner.
SCHEDULE OF PROPERTY
All that piece and parcel of the property [House/Plot/Flat] admeasuring [Size], situated at
[Locality], [Mandal/District], bearing [Survey No./House No.], bounded by:
RELEASOR: ____________________
RELEASEE: ____________________
WITNESSES:
8.
This General Power of Attorney is executed at Hyderabad on this 12th day of May, 2026, by:
[Name of Principal], S/o [Father's Name], aged about [Age] years, residing at [Full Address],
hereinafter referred to as the "PRINCIPAL".
IN FAVOR OF
[Name of Agent/Attorney], S/o [Father's Name], aged about [Age] years, residing at [Full
Address], hereinafter referred to as the "ATTORNEY".
WHEREAS I am the absolute owner of the property more particularly described in the Schedule
hereunder. Due to my [Personal reasons/Residence abroad/Pre-occupation], I am unable to
personally attend to the management, leasing, and sale of the said property. I, therefore, appoint
the aforementioned Attorney to act for me and on my behalf in respect of the Scheduled
Property.
To manage, control, and look after the Scheduled Property; to pay all taxes, rates, and outgoings
to the Municipal Corporation or Revenue Department; to apply for and obtain electricity, water,
and sewerage connections; and to represent me before all statutory and local authorities.
To negotiate the sale of the Scheduled Property; to enter into Agreements for Sale; to receive
advance amounts and the full sale consideration; and to execute and present for registration a
formal Sale Deed or any other instrument of transfer before the concerned Sub-Registrar.
4. LEGAL PROCEEDINGS
To appoint advocates; to sign and verify plaints, written statements, affidavits, and petitions; to
appear in any Court, Tribunal, or Office; and to compromise or withdraw any legal proceedings
concerning the Scheduled Property.
To sign and execute all necessary applications, forms, and documents; to appear before the Sub-
Registrar to admit execution of documents; and to do all acts necessary for the effective
registration of deeds as per the Registration Act, 1908.
6. RATIFICATION
I hereby agree to ratify and confirm all acts, deeds, and things lawfully done by my said Attorney
by virtue of the powers hereby conferred, as if the same were done by me personally.
SCHEDULE OF PROPERTY
All that piece and parcel of [Property Type] admeasuring [Size], situated at [Locality],
[Mandal/District], bearing [Survey No./House No.], bounded by:
IN WITNESS WHEREOF, I, the Principal, have signed this General Power of Attorney on the
day and year aforementioned.
PRINCIPAL: ____________________
I ACCEPT: ____________________
(Signature of Attorney)
WITNESSES:
9.
PARTITION DEED
This Deed of Partition is made and executed at Hyderabad on this 12th day of May, 2026, by and
between:
1. [Name of Co-owner 1], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "FIRST PARTY").
2. [Name of Co-owner 2], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "SECOND PARTY").
3. [Name of Co-owner 3], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "THIRD PARTY").
(The expressions "First Party", "Second Party", and "Third Party" shall mean and include their
respective heirs, legal representatives, and assigns).
WHEREAS the parties herein are the joint owners and in possession of the property more
particularly described in the General Schedule hereunder, having acquired the same through
[Details of Inheritance/Purchase Deed/Succession].
AND WHEREAS the parties have mutually agreed to partition the said property in order to
avoid future disputes and to hold their respective shares in severalty, with absolute ownership
and independent rights of alienation.
1. ALLOTMENT OF SHARES
In pursuance of this agreement, the parties hereby divide the property described in the General
Schedule into three distinct lots, more particularly described in Schedules A, B, and C annexed
hereto:
• SCHEDULE 'A' PROPERTY: Is hereby allotted to the First Party as their absolute share.
• SCHEDULE 'B' PROPERTY: Is hereby allotted to the Second Party as their absolute share.
• SCHEDULE 'C' PROPERTY: Is hereby allotted to the Third Party as their absolute share.
2. TRANSFER OF INTEREST
The parties hereto grant, convey, and release unto each other all their respective undivided rights,
titles, and interests in the portions allotted to the other parties, to the intent that each party shall
henceforth hold the portion allotted to them as the sole and absolute owner, free from any claims
by the other parties.
Each party has this day taken over the exclusive physical possession of the property allotted to
them. The parties shall be entitled to have the respective portions mutated in their individual
names in the Municipal and Revenue records and pay taxes independently.
• Easementary Rights: All parties shall have the right of way over common passages, if any, and
the right to use common amenities as specified in the map annexed to this deed.
• Owelty: To equalize the value of the shares, the [Party Name] has paid a sum of ₹[Amount]/- to
the [Party Name], the receipt of which is hereby acknowledged.
• Encumbrances: Each party declares that they have not created any charge or encumbrance over
the joint property prior to this partition. If any such charge is found, the party responsible shall
indemnify the others.
5. CUSTODY OF DOCUMENTS
The original Title Deed of the General Schedule property shall be retained by the First Party,
who hereby undertakes to produce the same for inspection or as evidence whenever reasonably
required by the other parties.
[Total description of the undivided property with Survey No., Area, and Boundaries].
IN WITNESS WHEREOF, the parties have signed this Partition Deed on the day and year
aforementioned.
10.
TRUST DEED
This Deed of Trust is made and executed at Hyderabad on this 12th day of May, 2026, by:
[Name of Settlor], S/o [Father's Name], aged about [Age] years, residing at [Address],
hereinafter referred to as the "SETTLOR" of the ONE PART.
AND
WHEREAS the Settlor is desirous of establishing a Public Charitable Trust for the benefit of the
public at large, without distinction of caste, creed, or religion, and for this purpose, the Settlor
has set apart a sum of ₹[Amount]/- (the "Corpus Fund") to be held by the Trustees for the
objects mentioned herein.
The Trust shall be known as "[Name of Trust] Trust". The Registered Office of the Trust shall
be situated at [Address], or at such other place as the Trustees may decide from time to time.
The Trust is established for charitable purposes in accordance with the Indian Trusts Act, 1882
(as applicable to the spirit of public trusts) and the Income Tax Act, 1961, including:
• Education: Establishing and maintaining schools, colleges, and vocational training centers.
• Medical Relief: Providing healthcare, establishing hospitals, and organizing medical camps for
the underprivileged.
• Relief of the Poor: Providing food, clothing, and shelter to the needy and distressed.
• General Public Utility: Any other object of general public utility not involving the carrying on
of any activity for profit.
3. BENEFICIARIES
The benefits of the Trust shall be open to all members of the public irrespective of caste,
religion, or gender. No part of the Trust Fund or income shall be used for the benefit of the
Settlor or the Trustees.
The number of Trustees shall not be less than [Number] and not more than [Number]. Trustees
shall hold office for [Number] years and shall be eligible for re-appointment. The Settlor shall be
the First Managing Trustee for life or until resignation.
6. IRREVOCABILITY
The Trust is declared to be Irrevocable. No part of the Trust property shall ever revert to the
Settlor or his heirs.
7. DISSOLUTION
In the event of dissolution, the assets of the Trust shall not be distributed among the Trustees but
shall be transferred to another charitable trust with similar objects, as per the provisions of the
law.
IN WITNESS WHEREOF, the Settlor and the Trustees have signed this Deed of Trust on the
day and year first above written.
SETTLOR: ____________________
TRUSTEES:
1.
2.
3.
WITNESSES:
11.
MEMORANDUM OF UNDERSTANDING
This Memorandum of Understanding (MoU) is entered into at Hyderabad on this 12th day of
May, 2026, by and between:
[Name of Landowner], S/o [Father's Name], residing at [Address], hereinafter referred to as the
"FIRST PARTY/LANDOWNER" (which expression shall mean and include his heirs and
assigns).
AND
WHEREAS the First Party is the absolute owner of the land admeasuring [Size] acres situated at
[Location/Survey No.], hereinafter referred to as the "Project Site."
AND WHEREAS the Second Party is engaged in the business of real estate development and
has the necessary expertise and resources to develop the Project Site. The parties intend to
collaborate for the joint development of a [Residential/Commercial] project.
1. SCOPE OF WORK
• Developer’s Role: The Second Party shall be responsible for obtaining all necessary sanctions,
building plan approvals, and NOCs from relevant authorities (GHMC/HMDA/RERA). They
shall handle the entire construction, marketing, and sale of the project at their own cost.
• Landowner’s Role: The First Party shall provide vacant and peaceful possession of the land for
development and shall execute a General Power of Attorney (GPA) in favor of the Second Party
to facilitate the administrative and sanctioning processes.
2. INVESTMENT TERMS
• The Second Party shall bear 100% of the cost of construction, labor, materials, and statutory
fees.
• The Second Party has paid an interest-free refundable security deposit of ₹[Amount]/- to the
First Party upon signing this MoU, which shall be adjusted or refunded at the time of project
completion.
• Landowner’s Share: [Percentage]% of the total built-up area (along with proportionate
undivided share of land) or [Percentage]% of the gross sale proceeds.
• Developer’s Share: [Percentage]% of the total built-up area or [Percentage]% of the gross sale
proceeds.
4. PROJECT TIMELINE
The Second Party shall complete the construction and handover the Landowner’s share within
[Number] months from the date of obtaining the Commencement Certificate, with a grace
period of [Number] months.
For a period of [Number] days from the date of this MoU, the First Party shall not negotiate with
any third party regarding the development of the Project Site. The parties shall execute a
comprehensive Joint Development Agreement (JDA) within this period, which shall supersede
this MoU.
This MoU shall be governed by the laws of India. Any disputes arising out of this MoU shall be
referred to Arbitration under the Arbitration and Conciliation Act, 1996, with the seat of
arbitration at Hyderabad.
IN WITNESS WHEREOF, the parties have set their hands on the day and year first above
written.
WITNESSES:
12.
ADOPTION DEED
This Deed of Adoption is made and executed at Hyderabad on this 12th day of May, 2026, by
and between:
[Name of Biological Father], S/o [Grandfather's Name], and [Name of Biological Mother],
W/o [Name of Biological Father], residing at [Address], hereinafter collectively referred to as the
"GIVERS/NATURAL GUARDIANS" of the FIRST PART.
AND
[Name of Adoptive Father], S/o [Father's Name], and [Name of Adoptive Mother], W/o
[Name of Adoptive Father], residing at [Address], hereinafter collectively referred to as the
"ADOPTERS/ADOPTIVE PARENTS" of the SECOND PART.
WHEREAS:
1. The Givers are the biological parents of the male/female child named [Name of Child], born on
[Date of Birth], currently aged [Age].
2. The Adopters are a lawfully married couple who [have no children / desire to adopt] and are of
sound mind and capable of maintaining the child.
3. The Givers, out of their own free will and in the best interest of the child, have decided to give
the child in adoption to the Adopters.
4. The Adopters have expressed their desire and consent to take the said child in adoption.
In accordance with the mandates of the Hindu Adoptions and Maintenance Act (HAMA),
1956, the physical act of "Giving and Taking" was performed on [Date of Ceremony] at
[Location/Venue], where the Givers physically handed over the child to the Adopters with the
intent to transfer parental rights, and the Adopters received the child.
From the date of the ceremony and the execution of this deed, the child shall be deemed to be the
child of the Adopters for all purposes. All parental rights, duties, and responsibilities of the
Givers stand extinguished and are hereby vested absolutely in the Adopters.
3. STATUS OF THE CHILD
The child shall have the same rights in the family of the Adopters as a biological child, including
the right of inheritance and succession to the Adopters' properties. The child's ties with the
biological family are severed, except for the prohibitions regarding marriage within the
prohibited degrees of relationship as per law.
4. LEGAL COMPLIANCE
• No monetary consideration or reward has been given or received for this adoption, in compliance
with Section 17 of HAMA, 1956.
• The Adopters have a capacity to adopt and the Givers have the capacity to give in adoption under
Sections 7, 8, and 9 of the Act.
• This deed shall be presented for registration as per Section 16 of HAMA, 1956, which creates a
legal presumption in favor of the validity of the adoption.
5. CHANGE OF NAME
The child shall henceforth be known as [New Name of Child] and shall use the surname of the
Adoptive Parents.
IN WITNESS WHEREOF, the parties have signed this Adoption Deed on the day and year
first above written.
1. ____________________ (Father)
2. ____________________ (Mother)
1. ____________________ (Father)
2. ____________________ (Mother)
WITNESSES:
This Deed of Family Settlement is made and executed at Hyderabad on this 12th day of May,
2026, by and between:
1. [Name of Party 1], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "FIRST PARTY").
2. [Name of Party 2], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "SECOND PARTY").
3. [Name of Party 3], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "THIRD PARTY").
WHEREAS:
1. The parties hereto are members of the same family, being the [specify relation, e.g., legal heirs of
Late Shri Name].
2. Certain disputes and differences have arisen among the parties regarding the entitlement,
possession, and management of the properties left by the deceased/jointly held, more particularly
described in the General Schedule hereunder.
3. With a view to preserving the family peace, harmony, and reputation, and to avoid protracted
litigation, the parties have arrived at an amicable settlement for the division of the said properties
through this Family Settlement Deed.
In consideration of the mutual release of claims, the parties hereby agree to the following
distribution of the properties:
2. EXTINGUISHMENT OF CLAIMS
Each party hereby releases and relinquishes all their respective claims, rights, and interests in the
portions allotted to the other parties. The parties agree that the allotments made herein are fair,
equitable, and final. No party shall hereafter have any right to challenge this settlement in a court
of law.
3. NATURE OF PROPERTY
The parties declare that the properties mentioned herein are [Self-Acquired/Ancestral] and they
have the full legal capacity to enter into this settlement. Each party shall henceforth hold their
allotted share as absolute owner with full rights of alienation.
While a family settlement may be oral, the parties have reduced the same to writing to serve as a
record. In accordance with the law laid down by the Supreme Court of India in Kale v. Deputy
Director of Consolidation, this deed acts as a memorandum of settlement. To ensure its
admissibility in evidence and to facilitate mutation of records, this deed shall be duly registered
as per the Registration Act, 1908.
The parties shall cooperate with each other in appearing before the Municipal, Revenue, or other
statutory authorities to effectuate the mutation of the respective properties in the individual
names of the allottees. All future taxes and outgoings shall be borne by the respective allottees.
IN WITNESS WHEREOF, the parties have signed this Family Settlement Deed on the day and
year first mentioned above.
WITNESSES:
14.
DEVELOPMENT AGREEMENT
This Development Agreement is made and executed at Hyderabad on this 12th day of May,
2026, by and between:
[Name of Landowner], S/o [Father's Name], aged about [Age] years, residing at [Address],
hereinafter referred to as the "OWNER" (which expression shall mean and include his heirs,
executors, and assigns) of the FIRST PART.
AND
WHEREAS the Owner is the absolute owner of the immovable property bearing [Plot
No./Survey No.], situated at [Locality], [Mandal/District], admeasuring [Size] Sq. Yards, more
particularly described in the Schedule hereunder (the "Schedule Property").
AND WHEREAS the Owner is desirous of developing the Schedule Property by constructing a
[Residential/Commercial] complex but lacks the technical expertise and resources. The Builder
has offered to develop the property at their own cost and risk on the terms and conditions set
forth herein.
The Owner hereby grants exclusive development rights to the Builder to develop the Schedule
Property. The Builder is authorized to obtain all necessary sanctions, building plan approvals
from [GHMC/HMDA/Municipal Authority], and NOCs from relevant departments at their own
expense.
In consideration of the development rights granted, the parties agree to a built-up area sharing
ratio of [e.g., 45% : 55%]:
• Owner’s Share: [Percentage]% of the total built-up area, including proportionate undivided
share of land (UDS), car parking, and amenities.
• Builder’s Share: [Percentage]% of the total built-up area, which the Builder shall be entitled to
sell to third-party purchasers to recover construction costs and profits.
• Builder’s Obligations: The Builder shall bear all costs of construction, labor, architecture, and
statutory fees. The Builder shall indemnify the Owner against any claims arising from labor
disputes or construction accidents.
• Owner’s Obligations: The Owner shall provide vacant possession of the land and execute a
registered General Power of Attorney (GPA) in favor of the Builder to facilitate administrative
tasks and the sale of the Builder’s share.
5. SALE OF UNITS
The Owner and Builder shall be entitled to sell their respective shares of the built-up area. The
Builder is authorized to receive booking amounts for the Builder’s share and to enter into
agreements with prospective buyers.
If the Builder fails to complete the construction within the stipulated time, they shall be liable to
pay a penalty of ₹[Amount]/- per month for the period of delay. If the Builder abandons the
project, the Owner shall be entitled to terminate this agreement and take over the construction.
SCHEDULE OF PROPERTY
All that piece and parcel of land bearing [No.], situated at [Location], bounded by:
IN WITNESS WHEREOF, the parties have signed this Development Agreement on the day
and year first mentioned above.
OWNER: ____________________
BUILDER: ____________________
WITNESSES:
PARTNERSHIP DEED
This Deed of Partnership is made and executed at Hyderabad on this 12th day of May, 2026, by
and between:
1. [Name of Partner 1], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "FIRST PARTNER").
2. [Name of Partner 2], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "SECOND PARTNER").
3. [Name of Partner 3], S/o [Father's Name], aged about [Age] years, residing at [Address],
(hereinafter referred to as the "THIRD PARTNER").
WHEREAS the parties hereto have agreed to come together as partners to carry on the business
of [Description of Business, e.g., Software Development/Retail Trade] under the terms and
conditions set forth in this Deed, in accordance with the Indian Partnership Act, 1932.
The partnership business shall be carried on under the name and style of "M/s [Firm Name]".
The principal place of business shall be situated at [Address], and/or at such other places as the
partners may mutually decide.
2. DURATION OF PARTNERSHIP
The partnership shall be deemed to have commenced on [Date] and shall continue as a
"Partnership at Will," unless terminated by mutual consent or in accordance with the
provisions of the Indian Partnership Act, 1932.
3. CAPITAL CONTRIBUTION
The initial capital of the firm shall be ₹[Total Amount]/-, contributed by the partners in the
following proportions:
The partners shall be entitled to interest on their capital at the rate of [Percentage]% per annum,
as per Section 13(c) of the Act.
• Management: Every partner shall have a right to take part in the conduct of the business. All
major decisions shall be taken by mutual consent.
• Duties: Each partner shall attend diligently to the business and act in the greatest common
advantage of the firm.
• Remuneration: The working partners shall be entitled to a monthly salary of ₹[Amount]/-,
subject to the limits prescribed under Section 40(b) of the Income Tax Act, 1961.
6. BANK ACCOUNTS
The bank account(s) of the firm shall be opened in the name of the firm and shall be operated
[jointly by all partners / by any two partners / by the Managing Partner].
• Retirement: A partner may retire from the firm by giving [Number] months' prior notice in
writing.
• Admission: No new partner shall be admitted into the firm without the unanimous consent of all
existing partners.
8. DISSOLUTION
The firm may be dissolved by mutual consent of all partners. Upon dissolution, the assets of the
firm shall be realized, liabilities discharged, and the remaining balance distributed among the
partners in accordance with their capital accounts.
9. ARBITRATION
All disputes and differences arising between the partners regarding the construction or
interpretation of this Deed shall be referred to Arbitration under the Arbitration and
Conciliation Act, 1996.
IN WITNESS WHEREOF, the partners have signed this Partnership Deed on the day and year
first mentioned above.
WITNESSES:
1. [Name & Address]
2. [Name & Address]