Settlement Deed (Father to Son)

What the document does

The Settlement Deed (Father to Son) provides model wording for a father, called the settlor, to transfer property to his son, called the settlee. It states that the transfer is made because of the settlor's natural love and affection for his son.

The template describes the son as receiving the property as absolute owner, together with associated rights, easements, advantages, liberties and appurtenances. It also gives the son full powers of alienation, meaning the document intends him to have power to deal with the property after the transfer.

The supplied text does not name an issuing department, government order number or issue date. It contains blanks for the parties, identification details, mobile numbers, addresses, execution date, earlier sale deed and registration details, and the property schedule.

Who may be affected

The Settlement Deed (Father to Son) is relevant to a father proposing to settle property on his son and to the son receiving it. It may also matter to a buyer or professional examining the son's claimed ownership, because the template records the basis of the father's title, transfer of possession and the son's powers over the property.

The parties are defined broadly to include their heirs, legal representatives, executors, administrators and assigns.

Key provisions

The Settlement Deed (Father to Son) includes the following statements:

• The father acquired the scheduled property under an earlier sale deed and has held it as sole and absolute owner.
• The property is transferred absolutely to the son through settlement.
• The property is stated to be free, up to the settlement date, from encumbrances, charges, mortgages, liens, pending litigation and court attachments.
• Vacant possession is stated to be delivered to the son on the settlement date.
• The son is placed in full physical possession and may enjoy the property with full powers of alienation.
• The father and persons claiming through the relevant title are not to obstruct the son's enjoyment.
• The settlement is expressly stated to be irrevocable.
• The property must be fully described in a schedule.
• The printed template states a present market value of Rs.25,00,000.
• The father signs in the presence of witnesses.