Property Partition Deed

PROPERTY PARTITION DEED This Deed is executed on [effective_date] among the following co-owners: [co_owners] WHEREAS the parties are joint owners of the property described below and have mutually agreed to partition the same: PROPERTY DESCRIPTION [property_details] 1. PARTITION The property shall stand partitioned as follows: [partition_details] 2. SEPARATE OWNERSHIP From the date of this Deed, each party shall be the exclusive owner of the portion allotted to them, with full right to hold, use, and transfer the same, free from any claim of the other parties. 3. MUTUAL RELEASE Each party releases and relinquishes all claims over the portions allotted to the other parties. IN WITNESS WHEREOF the parties have executed this Deed on the date first written above. CO-OWNERS [co_owners]