Have you ever being in a situation
where you legally want to absolutely transfer your property, either movable or immovable,
to your mother/father or son/daughter or any other person or registered an institution without involving money as a means of exchange? If your answer is yes
then the primary document used to complete your mission is Deed of gift.
Here you will find an overview of
deed of gift and sample.
What is the Deed of Gift?
This is a multilateral agreement between two or more people which voluntarily
transfers ownership of the property from one person to another without involving
money as a consideration. Deed of gift is like sale agreement, but the uniqueness of
this deed is that it uses NATURAL LOVE AND AFFECTION as its consideration. The party who
transfers his/her property is called the donor
and the other to whom property is transferred is called the donee.
Formalities and Requirements of Deed of Gift
For a deed of gift to
be legally accepted it must comply with the following
- Parties must have capacity i.e. not minor to enter into a contract.
- It must be voluntarily made.
- Must be written
- It must be specific.
- Dated and signed by both parties
- Witnessed by the commissioner for oath.
DEED OF GIFT TO CONVEY IMMOVABLE PROPERTY
THIS DEED OF GIFT made the ……… day of [insert date] BETWEEN AB of [insert postal and physical address] and XY [insert postal and physical address] the daughters/son/mother/father/relative of the said AB of the other part:
WITNESSETH that IN CONSIDERATION of his NATURAL LOVE AND AFFECTION for
the said AB and XY the said AB HEREBY CONVEYS unto the
said XY ALL THAT piece or parcel of land and property comprised in the
Right of Occupancy registered as [insert property registration particulars] TO
HOLD the same for his/her own sole use and benefit for the period constituted
in the unexpired term of the said Right of Occupancy.
IN WITNESS WHEREOF
the parties hereto have set their hands hereunto and respectively signed these
presents the day, month and year hereinafter appearing.
SIGNED and
DELIVERED by the said )
AB who is known to me )
personally/identified
to me by ………………..)
…………………………………………………
the ) ----------------------
latter being
known to me personally in my ) DONOR
presence this ………. day
of ……, 20.. )
Name:
………………………………………………
Signature:
……………….…..…….……..………
Postal
Address: …………..……...….…
Qualification: COMMISSIONER FOR
OATHS
SIGNED and DELIVERED by the said )
XY who
is known to me )
Personally/identified
to me by ………………. ) _____________________
…………………………………
the latter being ) DONEE
known to me personally in my presence this )
………..….. day of December 2013 )
Name: ………………………………………………
Signature: ……………….…..…….……..………
Postal Address: …………..……...….….....….…
Qualification: COMMISSIONER FOR
OATHS
You may also consider seeing a sample of the following deeds
You may also consider seeing a sample of the following deeds
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