Settlement Deed With Life Interest Template for India

1. Maintenance Fund: Creation and management of a fund for property maintenance - used when specific financial arrangements are needed

2. Restricted Rights: Specific restrictions on the life interest holder's rights - included when certain activities need to be prohibited

3. Property Management Committee: Structure and powers of a committee overseeing property management - used for large or complex properties

4. Dispute Resolution: Specific procedures for resolving disputes - included when parties want to avoid court litigation

5. Insurance Provisions: Detailed insurance requirements - included for high-value properties or specific risk situations

6. Third Party Rights: Rights of any third parties in relation to the property - included when relevant external interests exist

7. Tax Provisions: Specific arrangements for handling tax obligations - included when complex tax implications exist

1. Schedule A - Property Description: Detailed legal description of the settled property including boundaries, measurements, and title details

2. Schedule B - Existing Encumbrances: List of any existing mortgages, liens, or other encumbrances on the property

3. Schedule C - Family Tree: Diagram showing relationship between parties, particularly relevant for family settlements

4. Schedule D - Maintenance Requirements: Specific maintenance standards and requirements for the property

5. Schedule E - Inventory: Detailed inventory of any movable property or fixtures included in the settlement

6. Schedule F - Previous Title Documents: List of relevant previous title documents and their details

7. Appendix 1 - Photographs: Current photographs of the property documenting its condition at time of settlement

8. Appendix 2 - Required Permits: Copies of necessary permits, certificates, or governmental approvals