Affidavit for Mutation of Property

INDEMNITY BOND

This Deed of Indemnity Is executed at [Name of city] on this ¬¬¬¬¬¬¬_________ day of ________________[date] by______________[name], (here-in-after called the new assesse) which expression shall always include his heirs, executors, administrators and assigned in favor of the Council (herein-after the Council) which expression shall include its heirs, execute administrators and assigns.

WHEREAS ____________is the recorded owner of property No. ____________ and have been the persons primarily liable for making payment of property tax liable under the NDMC Act.

AND WHEREAS the new assesse has now moved and application mutation under NDMC Act, read with the Bye-laws made there under for mutation/sub-division of the property referred to above, in respect of the portion of which he/she is now the owner.

AND WHEREAS pending final disposal of and decision on the aforesaid application, the Council has provisionally agreed to mutate/sub-divide the said premises in favor of the New Assesse for the purposes of levy/collection of property taxes (only) or the NDMC Act on the following terms and conditions: -

1. That the New Assesse shall provide to the Council all the relevant documents and information on the basis of which the said mutation is claimed
2. That the New Assesse shall also furnish a site plan of the premises distinctly showing the respective portion therein of the new assesse claims mutation.
3. That the New Assesse also agreed to the revision/reassess of the portion of the premises of which he/she is seeking mutation sub-division provided that the same is otherwise warranted under and the Bye-Laws framed there under;
4. That the New Assesse also agrees that in case by allowing sub-division or the premises under reference if the ratable value of the portion thereof is reduced to 1000 p.a. below, the same shall reckoned with and reasonably enhanced so that bring the same out of the exemption limits;
5. That the New Assesse agrees to make the payments of arrears of property tax on the existing ratable value
6. That the New Assesse undertakes to indemnity the Council against all costs, damages, losses, claims, etc. which the Council may have to suffer, undergo or pay as per result of mutation/ sub-division of the property in the name of the New Assesse.

NOW, THEREFORE, THESE PRESENT WITNESSTH
That in pursuance of conditions hereinbefore mentioned, which the New Assesse has accepted without any condition or reservation the New Assesse hereby agrees to indemnity and keep harmless the said Council against all damages, losses, claims, costs etc. which the Council may have to suffer undergo, incur or pay as a result of mutation
IN WITNESS WHEREOF the New Assesse, as aforesaid, has not and subscribed his hand on these presents on the day, month and year first above written.

( Signature of Assesse)

1.________________(Witness)

2.________________ (Witness)