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Surrender Deed - Legal Form

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.

  

S C H E D U L E ‘A’ 

ALL THAT PIECE AND PARCEL OF LAND BEARING S. NO. _________ CTS. NO. _________ situated at . _________ Tal. _________, Dist.______ within the registration of Sub-District________, Dist._______, within the limits of ________ municipal corporation admeasuring about . _________ sq. fts i.e . _________ sq, mtrs. and bounded as follows:-

ON OR TOWARDS EAST:

ON OR TOWARDS SOUTH:

ON OR TOWARDS WEST :

ON OR TOWARDS NORTH: 

S C H E D U L E ‘B’ 

ALL THAT PIECE AND PARCEL OF LAND BEARING S. NO. _________ CTS. NO. _________ situated at . _________ Tal. ___________, Dist. _______ within the registration of Sub-District ________, Dist._________, within the limits of_________municipal corporation admeasuring about . _________ sq. fts i.e . _________ sq, mtrs. and bounded as follows:-

ON OR TOWARDS EAST: 

ON OR TOWARDS SOUTH: 

ON OR TOWARDS WEST : 

ON OR TOWARDS NORTH:

IN WITNESS WHEREOF the parties hereto have set their respective hands and seals as the day and date mentioned hereinabove at ___________. 

WITNESSESS:-

 

1. 

2.

Borrower