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DEED OF CANCELLATION

THIS DEED OF CANCELLATION made and executed at this


__ day of____200 _
BETWEEN
M/s_______________________________ a partnership firm, registered under the
Indian Partnership Act 1932, having its office at acting through its partner,
_______________________________ age ___ years, occupation - ____, resident of
hereinafter called the VENDORS, (which express shall, unless repugnant to the context,
mean and include the said firm, its present and future partners, their heirs, executors,
administrators and assigns) of the First Part
AND
_______________________________ age years, occupation - ____, resident of
hereinafter called the PURCHASER, (which express shall, unless repugnant to the context,
mean and include his heirs, executors, administrators and assigns) of the Second Part
AND
1. _______________________________ age __ years, occupation - ____.
_______________________________ age years, occupation - _____, both
residents hereinafter called the CONFIRMING PARTY, (which express shall, unless
repugnant to the context, mean and include their heirs, executors, administrators
and assigns) of the Third Part.
WHEREAS the property bearing Survey No. is owned by the present confirming
parties;
AND WHEREAS the present vendors have already started the construction of a multi-
storeyed building on the said property;
AND WHEREAS the premises in the proposed building are sold on ownership basis
under the scheme u/s 21 of the Urban Land (Ceiling & Regulation) Act 1976;
AND WHEREAS the vendors have also started to enter into booking agreements to
sell and allot the flats and premises in the proposed building on ownership;
AND WHEREAS the present purchaser had entered into a booking agreement,
dated_____, with the vendors herein;
AND WHEREAS the purchaser had also paid a total sum of Rs. __
towards the instalments of the purchase-price of the flat agreed to be purchased and
acquired by the purchaser in the said building;
AND WHEREAS the purchaser, on account of his personal financial difficulties, not
being in a position to make the payment of the remaining instalments, requested the
vendors herein to cancel the said booking agreement, dated___, entered into by the
purchaser with the vendors;
AND WHEREAS the said booking agreement has already been registered with the
Sub-Registrar, Room No. I, at Sr. No. 125, dated__.;
AND WHEREAS the vendors found that it would be possible for them To cancel the
said booking agreement, dated___, entered into by the purchaser in respect of the Flat
No.___proposed to be purchased by the purchaser and refund the amount, which the
vendors have so far received from the purchaser, and also allot the said flat to any other
prospective purchaser;
NOW, THIS DEED WITNESSES as follows :
1. That the parties hereto do hereby declare that the said booking agreement,
dated___, entered into by the purchaser with the vendors for the purchase of the
Flat No. _, and which has been registered with the office of the Sub-Registrar, Room
No. I, at Sr. No. is hereby cancelled.
2. That the purchaser, as agreed by him unto the vendors, has today
received from the vendors a sum of Rs.__, by cheque No.__, dated ___, drawn on
the____Bank,___.Branch, towards the refund of the amount paid by the purchaser
unto the vendors, after deducting therefrom the actual expenses incurred so far in
the said transaction.
3. That the purchaser does hereby declare and confirm that after receiving the said
amount, as aforesaid, the purchaser shall have no right, title or interest in or over
the said Flat No.___, in the building known as "____" standing on the property
bearing Survey No.

IN WITNESS WHEREOF the parties hereto have signed here under at the date first
above mentioned.
Sd/-
VENDORS

Sd/-
PURCHASER

1. Sd/-
2. Sd/-
CONFIRMING PARTY

Witnesses:

1. Sd/-

2. Sd/-