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drafting:gift-deed

Gift Deed Draft

This deed of Gift is executed on……….. day of………….. month of ……… year by Sri/Smt………. , s/o / w/o………….., occupation………….., and aged ….. years, residing at ………………… herein after called the DONOR.

In favour of

Sri./Smt…………………. s/o / w/o …………….. occupation ……………….. aged …….. years, residing at……………………….. herein after called the DONEE.

Whereas, the term Donor and Donee unless repugnant to the context shall mean and include their representatives heirs, successors, executors, administrator, trustees, legal representatives and assigns. Whereas, the Donor herein, is the sole and absolute owner of immovable property bearing No…………….. known as ……………….. situated at morefully described in the schedule under Annexure – 1 hereunder written and herein after called the schedule property. Whereas the Donee is related to the Donor as ………………… Whereas out of natural love and affection of the donor for the donee, the donor is desirous of conveying the said property as gift to the donee.

NOW THIS DEED WITNESSETH AS UNDER That the Donor does hereby donate/gift the aforesaid Property, UNTO …………… son of/wife of …………, aged …………… years resident of ……………………… namely the Donee on account of great love and affection. That the possession of the aforesaid property has been handed over/delivered to the Donee by the Donor. That the Donee shall become the absolute and exclusive owner with all the rights in the aforesaid Property on and from …………….. and shall also enjoy all rights of ownership therein. The Donor shall be left with no right, title, interest or lien whatsoever of any sort/nature in the aforesaid property henceforth after the execution/registration of this Gift Deed.

That the Donor and all persons having or lawfully claiming any estate or interest whatsoever to the said scheduled Property and premises or any part thereof from under or in trust for the Donor or his heirs, executors, administrators and assigns or any of them shall and will from time to time and at all times hereafter at the request and cost of the Donee do and execute or cause to be done and executed all such further and other acts, deeds, things, conveyances and assurances in law whatsoever for better and more perfectly assuring the said scheduled property as mentioned under Annexure- 1 and every part thereof unto and to the use of the donee in the manner aforesaid as by the Donee his heirs, executors, administrators and assigns or counsel in law shall be reasonably required.

That the Donee has accepted this Gift and has taken the physical possession of the said property.

Annexure-1 Schedule of property

The schedule of property of above referred to as follows:- (mention the property schedule)

IN WITNESS WHERE OF, the donor and the donee hereunto have signed this deed this

Date:

Place:

WITNESS:

1.

2.

THE DONOR (Signature)

THE DONEE (Signature)

(The Gift deed for any immovable property is required to be registered with stamp duty and registration fees as required under law)


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Created on 2020/12/21 18:15 by Japhin Raj • Last modified on 2020/12/21 18:16 by LawPage