DEED OF PARTITION

WITH WIAVER
KNOW ALL MEN BY THESE PRESENTS:
We, THE LIVING HEIRS OF _______________________________________________,
namely:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
_____________________________
Hereinafter collectively referred to as HEIRS/CO-OWNERS.
WITNESSETH THAT:
WHEREAS,
____________________________________________,
was
the
registered
owner
of
a
parcel
of
land
located
at
___________________________________________________ with Transfer Certificate
of Title No. _______________________, hereinafter referred to as the
PROPERTY;
WHEREAS,
_______________________________
passed
away
on
______________________________________ leaving behind the PROPERTY to the
above-mentioned HEIRS/CO-OWNERS;
WHEREAS, houses and structures already exist on the property and are
being used for residential purposes by the above-named HEIRS/CO-OWNERS;
WHEREAS, for the administration and better enjoyment of the PROPERTY,
the HEIRS/CO-OWNERS hereby agree to formalize its partition, use, and
maintenance through this DEED OF PARTITION WITH WAIVER;
NOW, THEREFORE, for and in consideration of the foregoing premises, the
HEIRS/ CO-OWNERS agree on the following:
1. The HEIRS/CO-OWNERS hereby adopt the partition of PROPERTY
indicated on the Site Development Plan a copy of which is herein
attached as ANNEX A;
2. The distribution of the lots indicated on the Site Development Plan
shall be as follows:
PORTION ALLOCATION

HEIRS/CO-OWNERS

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3. All taxes, and fees assessed on the PROPERTY by any national or local
government office, agency or entity shall be paid by the HEIRS/COOWNERS as follows:
________________________________________________________________________
___________
4. The expenses for any improvement or repair on any of the houses on
the PROPERTY shall be shouldered by the HEIR/CO-OWNER upon which
such house is allocated to; Provided that, expenses on any
improvement or repair on the sorroundings, common or unmarked
areas shall be divided equally among the heirs;
5. Notwithstanding the partition or allocation of the PROPERTY as herein
provided, the HEIRS/CO-OWNERS agree NOT TO SELL, LEASE or
ENCUMBER the PROPERTY to any person who is not a party to this
agreement;
6. __________________________________________________ hereby expressly,
unconditionally, and voluntarily WAIVES AND RENOUNCES his rights
over the PROPERTY and RELEASES the other HEIRS/CO-OWNERS from
any liability or claim, his Affidavit of Waiver of Rights of Inheritance is
herein attached as ANNEX B;
7. The terms, conditions and undertakings in this deed or any
modifications, revisions or supplements thereof shall extend to and be
binding upon the successors and heirs of the parties as if they were in
every case named and expressed therein;
8. Any amendment or modification to this deed shall not be binding
unless expressly made in writing and signed by the parties hereto.

IN WITNESS WHEREOF, the parties hereunto set their hands in

______________________ Philippines.

__________________________________________________
_________________________

Date

signed:

__________________________________________________
_________________________

Date

signed:

__________________________________________________
_________________________

Date

signed:

__________________________________________________
_________________________

Date

signed:

__________________________________________________
_________________________

Date

signed:

__________________________________________________
_________________________

Date

signed:

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__________________________________________________
_________________________

Date

signed:

SIGNED IN THE PRESENCE OF:

______________________________

_______________________________

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