Partition Deed and Family Settlement Agreement

Partition is the process of dividing a joint property where each co-owner gets a share and becomes an exclusive owner of that particular share. The partition of immovable and tangible properties like home, farmland may take place and also the partition of personal properties takes place too. For any type of partition, you can consult property lawyers Trivandrum http://www.lawyersinkerala.com/.

If the partition is by mutual consent, then the co-owners are required to execute the deed on stamp paper of the required value, amongst themselves and get it registered at the office of the Sub-Registrar at the place where the property is located so as to get a binding effect for the deed. This deed can be drafted with the help of property advocates Trivandrum.

There can be cases where the co-owners do not agree and in such cases, a partition suit can be filed before the court of competent jurisdiction and the partition is done by metes and bounds. It has to be noted that aggrieved person cannot approach the court for justice beyond the fixed period . 

Family Settlement Agreement is also used for partition when the families prefer to settle property-related disputes out of court. The partition deed is different from Family Settlement Agreement. The major difference is that the Family Settlement Agreement does not require registration and stamping. By approaching property lawyersTrivandrum, you can create a family settlement agreement.