A partition deed for a property is created 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. It is done by dividing the property according to the shares to which each of the parties is entitled to in law as applicable to them.
Partition deed is executed by the co-owners, in case a partition is by mutual consent. The partition deed is required to be registered at the office of the sub-registrar of the place where the property is situated as in case of any other registration.
A partition deed needs to be registered at the office of the sub-registrar to give it a legal and binding effect.
The deed should mention the date from which the partition is effective. The names of the parties and their respective shares should also be specifically mentioned.