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 a registered 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?
Deed
of Gift 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.
In Deed of
Gift the person 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
20.. )
Name: ………………………………………………
Signature: ……………….…..…….……..………
Postal Address:
…………..……...….….....….…
Qualification: COMMISSIONER FOR OATHS
You may also consider seeing a sample of the following deeds
Nice Initiative
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