Deed of Transfer of a Flat in Co-operative Housing Society
THIS DEED OF TRANSFER MADE AT ___________ this day of _______________, Two thousand ___ BETWEEN ABC of ________, Indian Inhabitant, having present address at _______________________________, hereinafter called ?THE TRANSFEROR? (which expression shall unless it be repugnant to the context or meaning thereof, mean and include his heirs, executors and administrators) of the One Part; AND XYZ of _____________, Indian Inhabitant, having his address at _____________ _______________________, hereinafter called ?THE TRANSFEREE?(which expression shall unless it be repugnant to the context or meaning thereof, mean and include his heirs, executors, administrators and assigns) of the Other Part:
WHEREAS:
(a) The Transferor is seized and possessed of or otherwise well and sufficiently entitled to flat bearing no. 1 admeasuring 650 sq. ft. of carpet area on the 6th floor of the building known as ?PQR APARTMENT? belonging to PQR Co-operative Housing Society Ltd. at ________________________ ________ (hereinafter referred to as ?the said Flat?.
(b) The Transferor is also the registered member and shareholder of PQR Co-operative Housing Society Limited registered under the Maharashtra Co-operative Society Act, under registration no. _________________________________ (hereinafter referred to as ?the said Society?) and as such, is the registered holder of 5 (five) shares of face value of Rs. 50/- (Rupees fifty only) each, of the aggregate value of Rs. 250/- (Rupees Two hundred fifty only) bearing distinctive nos. 301 to 305 (both inclusive) issued by the said society (hereinafter referred to as ?the said Shares?) and bearing Certificate No. 10 in respect of the ownership of the said Flat. The said Flat and the said shares are more particularly described in the Schedule hereunder written and are hereinafter collectively referred to as ?the said premises?.
(c) The said flat was originally purchased by the Transferor from the Builders M/s. _______________ under the agreement dated ______________. The Transferor has paid the full consideration to the said Builders and complied with all his obligations under the aforesaid agreement and since then he is in lawful occupation of the said flat as absolute owner thereof. All the flat Purchasers of the said ?PQR APARTMENT? have collectively formed the said society.
(d) The Transferor is entitled to sell, transfer, convey and assign all his right, title and beneficial interest in the said flat no. 1 on the 6th floor of the building known as ?PQR APARTMENT? of the said Society and also the said shares in favour of the Transferee;
(e) The Transferee has under the agreement dated _________ agreed to purchase and acquire from the Transferor the said premises together with all right, title and interest of the Transferor therein, free from all encumbrances and reasonable doubts for a total consideration of Rs. _______________ (Rupees _____________________ only) on the terms and conditions recordered therein.
(f) The said society has issued its? NOC to admit the Transferee as its member in respect of the said premises.
(g) In pursuance of the above, the parties are executing the present Deed of Transfer to record the agreement arrived between them and complete the transaction.
NOW THIS DEED WITNESSETH and it is hereby agreed, confirmed and recorded by and between the parties hereto as follows:?
1. The Transferor hereby transfers, conveys and assigns all and singular his right, title and interest in the said ownership Flat No. 1 (admeasuring 650 sq. ft. carpet area) on the 6th floor of the building known as ?PQR APARTMENT? situated at ____________________________________ belonging to PQR
Co-operative Housing Society Limited free from all encumbrances and reasonable doubts together with all his right, title and interest in the said five fully paid up shares of the face value of Rs. 50 each (of the aggregate value of
Rs. 250) bearing Nos. 301 to 305 and bearing Certificate
