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What Is Partition Deed
A partition deed for a property is executed to divide the property among different people – usually among the family members. A partition is a division of a property held jointly by several persons, so that each person gets a share and becomes the owner of the share allotted to him
Why Partition Deed Needed
A partition deed is mostly used by families, to divide members’ shares in inherited properties. After the division, each member becomes the independent owner of his share in the property and is legally free to sell, rent or gift his asset, according to his will.
What happens to a property after a partition deed is execut
Once the partition deed comes into effect, each share in the property becomes an independent entity. Each divided share of the asset gets a new title. Also, members surrender their claim in the shares that have been allocated to the other members.
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