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Tuesday, 24 September 2019

DEED OF GIFT: Transfer Your Property for Natural Love and Affection



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 an agreement, but the uniqueness of this agreement is that it uses NATURAL LOVE AND AFFECTION as its consideration. The party who transfer his/her property is called donor and the other to whom property is transferred is called donee.


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.


 See sample below

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






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