CANCELLATION DEED  [CD1] 

CANCELLATION DEED

 

 

 

This         deed         of        cancellation         made        this.........        day        of.........        /……………….between

………………………………………………..… (hereinafter referred to as the buyer) of the one part and V

(hereinafter referred to as the seller) of the other part: 

 

Whereas by an covenant...... made between the parties hereto and registered in the office of the SubRegistrar of……………........ Book No. ………….….., Vol…………...... Pages ………….....being No. ……………......... for the year 1998 it was witnessed that the party hereto of the 1st part consented to buy the property fully stated in Schedule thereto as also in the Schedule hereunder written and hereinafter referred to as the said property at and for the sum of Rs............................ on terms having therein. 

 

And whereas the party of 1st part paid to the party of the 2nd part a sum of Rs……………........ as earnest money ...................................... basing said covenant. 

 

And whereas the said sum of Rs. ………………......... was in terms of the said agreement secured by a charge on the said property. 

 

And whereas the said covenant being in full force/virtue. 

 

And whereas it has now been consented by and between parties hereto that the party of 2nd part shall refund to the party of 1st part the said sum of Rs. ......... and also pay a further sum of Rs. ......... due to all his costs, charges and expenses for searches, investigation of title and on other accounts by which said covenant shall stand cancelled. 

 

And whereas party of the 2nd part has refunded to the party of the 1st part the said sum o Rs. ………..... and paid Rs……………………………......... as above stated which the party of the 1st part doth hereby as also by receipt hereunder written, confirm, acknowledge and admit . 

 

And whereas party of 2nd part has also returned to party of the 1st part the said covenant for sale dated the ............... endorsed as abrogated. Now this contract witnessed that for the consideration as aforesaid the party hereto of the 1st part doth hereby consent, declare and confirm that he bear no right, title, claim or interest in said property under and due to hereinbefore stated covenant for sale which stands annealed with immediate effect and shall hereafter bear no force and effect whatever and further that the party of the 1st part doth hereby and hereunder discharge, reassure, allow release, the said property and every portion thereof unto and to the party of the 2nd part discharged and freed from charge, security, claim, created and due to said agreement for sale as aforesaid and all claims, demand, cause of action emerging out of or relating with same and the party of the 1st part doth hereby agree with the party of 2nd part that he has not done any deed act or thing by which or by re

 

reason or means whereof he is restricted or prevented from abrogating the said agreement for sale and/or releasing and reassuring the said property in the way as aforesaid. 

 

The Schedule above referred to 

 

Or howsoever otherwise the same may be butted, bounded, called, known, numbered, described or distinguished. 

 

In witness whereof the party of the 1st part doth hereunder set and subscribe his hand and seal the day month and year first above-written. 

 

Signed, sealed and delivered at................................................... in the presence of: 

 [CD1]CANCELLATION DEED