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Sample Gift Deed for Immovable Property
A Gift Deed is an essential legal document for transferring immovable property, ensuring clarity and compliance with Indian laws for both the donor and the donee.
Introduction to Gift Deed for Immovable Property
A Gift Deed for Immovable Property is a crucial legal document in India that formalizes the voluntary transfer of ownership of immovable property from the donor to the donee without any monetary consideration. This document is legally binding and helps in avoiding future disputes while protecting the rights of both parties.
The Gift Deed typically includes details such as the relationship between the donor and donee, a description of the property, and the voluntary intent to gift. It also specifies that the property is free of encumbrances at the time of transfer.
This template is designed to simplify the gifting process, providing a structured and legally compliant format. It adheres to Indian property transfer laws and can be customized to suit individual requirements, ensuring a smooth and legally sound property transfer.
Sample Format
GIFT DEED for Immovable Property
This Deed of Gift is made and executed on this ___ day of __, 20, at ______ (Location) by:
[Donor's Name], S/o / D/o ______, aged ___ years, residing at ______ (Address), hereinafter referred to as the "Donor" (which expression shall, unless repugnant to the context, include his/her heirs, executors, administrators, legal representatives, and assigns),
IN FAVOR OF
[Donee's Name], S/o / D/o ______, aged ___ years, residing at ______ (Address), hereinafter referred to as the "Donee" (which expression shall, unless repugnant to the context, include his/her heirs, executors, administrators, legal representatives, and assigns).
WHEREAS
- The Donor is the absolute owner and in possession of the immovable property described below:
(Description of the property: Full Address, Survey Number, Area, Boundaries, etc.) - The Donor, out of natural love and affection for the Donee, has voluntarily decided to gift the said property to the Donee.
- The Donee has willingly accepted the gift of the said property.
NOW THIS DEED WITNESSETH AS FOLLOWS:
- The Donor hereby voluntarily and without any coercion or undue influence transfers, conveys, assigns, and delivers by way of gift all his/her right, title, and interest in the said property to the Donee, to have and to hold the same as his/her absolute property forever.
- The Donor declares that the property is free from all encumbrances, liens, charges, mortgages, or disputes as on the date of execution of this deed.
- The Donee accepts the gift and takes possession of the said property with full knowledge of its rights and obligations.
- The Donor undertakes to execute any further documents, as may be required, to assure the title and transfer of the said property to the Donee.
- The Donee shall hereafter be solely responsible for all liabilities, including taxes, charges, and maintenance of the property.
SCHEDULE OF PROPERTY
(Provide a detailed description of the property being gifted, including dimensions, boundaries, and any other specifics.)
IN WITNESS WHEREOF
The parties to this deed have set their hands and signatures in the presence of the witnesses on the date and place mentioned above.
SIGNED AND DELIVERED BY:
___ (Signature of Donor)
Name:
Address:
ACCEPTED BY:
___ (Signature of Donee)
Name:
Address:
WITNESSES:
- ___ (Signature of Witness 1)
Name:
Address: - ___ (Signature of Witness 2)
Name:
Address:
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