Like you, I know, every scenario is unique when a couple separates. Some have a lot of property to divide, while others have very little. You must keep yourself aware of the division of property agreement regardless of the circumstances. So, you can call it a property settlement agreement or partition deed. I have shared more details below.
What is a Property Division Agreement?
It is a legal document that outlines the division of jointly owned property among co-owners. This is done either by mutual consent or through court intervention.
Co-owners agree on the division, draft a partition deed, and register it.
If no agreement is reached, a partition suit can be filed to seek a judicial order for property division.
The division can apply to both self-acquired property and ancestral property.
Governed by laws such as the Indian Partition Act, 1893, and the Hindu Succession Act, 2005.
I hope you found the information helpful.
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What is the Division of Property Agreement?
AvinashK
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5 Year
2020-08-29T11:23:30+00:00 2025-01-07T14:14:31+00:00Comment
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