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Mutual Understanding of Joint Owners
Mutual Understanding of Joint Owners
Mutual Understanding of Joint Owners
AND
WHEREAS first party and second party are the joint owners in
respect of the Premises No. , along with other co-sharers and first
party has got half share of the entire Premises and remaining half
share shall be divided into six share after mutual understanding
and a length discussions in presence of the local respectable
persons and police authority and said disputed has been amicably
settled out of the court and to avoid the future complications and
disputes are recorded are as follows:-
1. That the Second party has full right, liberty to use and occupy all
the common facilities like water, bath and privy and common septic
tank as well as staircases and including roof rights as a co-sharer.
4. That second party has acquired all sorts of right, title and
interest over the aforesaid allotted portion and shall have the right
to alienate and transfer the said portion to any THIRD PARTY and
in that event the first party shall raise no objection.
5. That the second party has agreed to pay his imposed taxes in
respect of his proportionate share.
WITNESS:-
1) ................................................
1st Party
2) .................................................
2nd Party
Identified by me
Advocate