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Deed of Exchange

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0% found this document useful (0 votes)
38 views

Deed of Exchange

Uploaded by

monish.j
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DEED OF EXCHANGE

THIS DEED madet on this 1st day of April 2024 between A son of Shri. Ross geller .resident of
Chennai (hereinafter called "the Party of the First Part") of the ONE PART and B son of Shri
Ted mosby resident of Banglore (hereinafter called "the Party of the Second Part") of the
OTHER PART.

WHEREAS

(1) The party of the First Part is seized and possessed of or otherwise well and sufficiently
entitled to the plot and building situate at No.221 B Baker street and more particularly described
in the First Schedule hereunder written

(2) The party of the Second Part is seized and possessed of or otherwise well and sufficiently
entitled to the plot and building situated at No3 Dubai main road Dubai cross road bangaloreand
more particularly described in the Second Schedule hereunder written.

(3) The parties hereto have agreed to exchange the said properties described in the First and
Second Schedules hereto in the manner hereinafter appearing

NOW THIS DEED WITNESSETH AS FOLLOWS:

(1) In pursuance of the said agreement and in consideration of the transfer by the of the Second
Part conveying to the party of the party of first First Part the land and building situate at No.221b
Baker street .and more particularly described in the Second Schedule hereunder written, the
party of the First Part hereby grants and conveys by way of exchange unto the party of the
Second Part absolutely and forever all that piece of land and building situate, lying and being at
No.3 dubai mainRoad, Dubai cross road bangaloreand more particularly described in the First
Schedule hereunder written together with all and singular the court yards, areas, compounds,
sewers, common gullies, ditches, fences, trees, drains, ways, paths, passages waters, water
courses, plants, lights, liberties, privileges, assessments, profits, advantages, rights, members
and appurtenances whatsoever to the said property or any part thereof belonging to in any wise
appurtaining to or with the same or any part thereof now or at any time heretofore usually held,
used, occupied or enjoyed therewith or reputed or known as part of member thereof to belong or
be appurtenant thereto and all the estate, right, title, interest, property, benefit, claim and
demand whatsoever with law and in equity of the party of the First Part in, to, out of or upon the
said property or any part thereof to have and to hold the property hereby granted, conveyed or
intended or expressed so to be with their and every of their rights, members and appurtenances
unto and to the use of the party of the Second Part subject however to the payments of all rents,
rates, taxes, assessments, duties and dues now chargeable upon the same or hereafter
become payable to the Government of India, Government of Tamil Nadu or to the Municipal
Corporation of Chennai or any other authority or public body in respect of the said property.

(2) In pursuance of the aforesaid agreement and in consideration of the party of the First Part
having conveyed to the party hereto of the party of the Second Part, the land and building
situate at No.221b baker street and more particularly described in the First Schedule hereunder
written unto and to the use of the party of Second Part, the party of the Second Part do hereby
grant and convey by exchange unto the party of the First Part absolutely for ever all that piece
or parcel of land and building situate, lying and being at No.3 Dubai main road Dubai cross
street Bangalore and more particularly described in the Second Schedule hereunder written
together with all and singular the court yards, areas, compounds, sewers, common gullies,
ditches, fences, trees, drains, ways, paths, passages, waters, water courses, plants, lights,
liberties, privileges, assessments, profits, advantages, rights, members and appurtenances,
whatsoever to the said property or any part thereof belonging to in anywise appertaining to or
with the same or any part thereof now or at any time heretofore usually held, used, occupied- or
enjoyed therewith or reputed or known as part of member thereof to belong to the appurtenant
thereto and all the estate, right, title, interest, property, benefit, claim and demand whatsoever
both law and in equity of the party of the First Part in, to, out of or upon the said property or any
part thereof to have and to hold the property hereby granted, conveyed or intended or
expressed so to be with their and every of their rights, members and appurtenances unto and to
the use of the party of the First Part subject however to the payments of all rents, rates, taxes,
assessments, duties and dues now chargeable upon the same or hereafter become payable to
the Government of India, Government of Tamil Nadu.or to the Municipal Corporation of
Cehnnaior any other authority or public body in respect of the said property

(3) Each of the parties hereto hereby covenant with the other that:

(a) He has now good right, full power and absolute authority to transfer, assign and convey the
transfer, assignment conveyance of the said property hereby transferred, assigned and
confirmed or intended or expressed so to be unto and to the use of the other party in the
manner aforesaid.

(b) That the other party shall and may at all times hereinafter peaceably and quietly to hold,
enter upon, have, occupy, possess and enjoy the said property hereby transferred, assigned
with that appurtenances and to receive the rents, issues and profits thereof and of every part
thereof to and for their own use and benefit, as may be permissible in law without any suit,
lawful eviction, interruption, claim and/or demand whatsoever from him or his successor or any
of them or from or by any person lawfully or equitably claiming or to claim by any person lawfully
or equitably claiming or to claim by, from, under or in trust for them or any of them.

(c) The said land and buildings are free and clear and freely and clearly and absolutely
acquitted, exonerated, released and for ever discharged or otherwise by each of them well and
sufficiently saved, defended, kept harmless and indemnified of, from and against all former and
other estates, titles, charges and/or encumbrances whatever had made, executed, occasioned
or suffered by him the covenanting party or by any other person or persons lawfully or equitably
claiming or claim by, from, under or in trust for them or any of them

(d) He and all persons claiming any estate, right, title or interest in law or in equity in the
property assigned, transferred and confirmed or any part thereof by firm and/or in trust for him
or his representatives successors, assigns shall and will from time to time and at all times
hereafter at the request and the cost of the other do execute or cause to be done, executed all
such further and other lawful and reasonable acts, deeds, things, matters, assignments and
assurances in law whatsoever, for the better and further and more perfectly and absolutely
transferring, assigning, conveying the said land and building and every part thereof hereby
transferred and assigned unto and to the use of the other in the manner aforesaid as shall or
may be reasonably required by the other or his successors, or assigns or his counsel7in-law.

(e) The said land and building is free from any mortgage, charge, lien, attachment, fis pendens
or other encumbrance of any kind and all rents, rates, taxes, assessments, dues, duties of the
said land and building has been paid by him upto and including the date of these presents and
should any rates, taxes, dues and duties be found payable upto that date, the same shall be
and will be paid by him.

(f) Each party has handed over to the other party all documents of title relating to or belonging to
or connected with the said land and building transferred, assigned or conveyed by him to the
other party and each party hereby declares and confirms that he does not have any other
documents of title and should he come in possession of any evidence or document of or
relevant to title, he shall and will hand over or cause to be handed over to the other party or any
person claiming through or under him

(4) Each party hereby confirms that he has handed over to and placed the other party in
possession and title deeds of the property transferred, assigned and conveyed by him

(5) It is hereby declared that the value of the property mentioned in each of Schedules hereto is
Rs . 5,00,00,000

IN WITNESS WHEREOF, the parties have set their hands to these presents on the day and
year first hereinabove written
First Schedule above referred to
(Description of property transferred by the party of the First Part) mr. Monish
Second Schedule above referred to
(Description of property transferred by the party of the Second Part) prof. Anugraha

WITNESSES

1 Signed and delivered by the within named party of the First Part
2. Signed and delivered by the within named party of the Second Part

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