A Partition Deed is a legal document used to divide jointly owned property among co-owners, typically in situations where the co-owners wish to separate their respective shares or interests in the property. It is commonly used when co-owners want to end their co-ownership and establish individual ownership over specific portions of the property.

Here are the key components typically included in a Partition Deed:

1. Parties Involved: The Partition Deed identifies the co-owners who are parties to the agreement. These co-owners are typically referred to as the "parties of the first part" in the deed.
2. Description of the Property: Detailed description of the property or properties being partitioned, including their addresses, boundaries, dimensions, and any relevant identification numbers.
3. Agreement to Partition: The Partition Deed contains provisions stating that the co-owners agree to partition the property and divide their respective shares or interests.
4. Allocation of Shares: The deed specifies how the property will be divided among the co-owners. This may include dividing the property into specific portions or allotting certain properties to each co-owner.
5. Consideration (if any): In some cases, there may be monetary consideration involved in the partition, such as one co-owner compensating another for their share of the property. The deed will specify the details of any such consideration.
6. Rights and Liabilities: The Partition Deed outlines the rights and liabilities of each co-owner with respect to their allocated portion of the property. It may also specify any encumbrances or liabilities attached to each portion.
7. Warranties and Covenants: The co-owners may provide warranties and covenants regarding the property's title, possession, and legality, similar to those found in other property-related deeds.
8. Signatures and Witnesses: The Partition Deed must be signed by all co-owners who are parties to the agreement, as well as by witnesses who attest to the execution of the deed.
9. Stamp Duty and Registration: Partition Deeds are subject to stamp duty, which varies depending on the state or jurisdiction where the property is located. The deed must be stamped with the appropriate stamp duty before it can be registered. After stamping, the Partition Deed must be registered with the local Sub-Registrar Office or Registrar of Assurances. Registration provides legal validity to the deed and ensures its enforceability against third parties.

Partition Deeds are essential for formally dividing jointly owned property and establishing individual ownership rights. It's essential for all parties involved to carefully review and understand the terms and conditions of the Partition Deed before signing to avoid any future disputes or legal issues. Additionally, seeking legal advice from a qualified lawyer can help ensure that the Partition Deed is drafted and executed correctly according to relevant laws and regulations.