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Deed Of Partition
"I need a Deed of Partition to formally divide a jointly owned commercial property in Singapore between tHRee siblings, with one sibling taking 50% ownership and the other two taking 25% each, to be completed by March 2025."
1. Parties: Details of all parties involved in the partition
2. Background: History of joint ownership and reason for partition
3. Definitions: Key terms used in the deed
4. Property Description: Detailed description of property being partitioned
5. Terms of Partition: Specific division of property among parties
6. Rights and Obligations: Ongoing rights and obligations of each party
7. Execution: Signing and witnessing requirements
1. Consideration: Details of any monetary adjustments between parties - used when there are monetary settlements involved
2. Mortgage Details: Information about existing mortgages and their handling - used when property is mortgaged
3. Tax Provisions: Handling of tax implications - used when significant tax implications exist
1. Property Plans: Detailed plans showing division of property
2. Title Documents: Copies of relevant title documents
3. Valuation Reports: Professional valuation of property portions
4. Survey Reports: BouNDAry surveys and measurements
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