What this draft covers
- Recitals of the donor’s title and society membership
- Gift out of love and affection, without consideration
- Acceptance by the donee during the donor’s lifetime
- Possession and society transfer
- Schedule of the flat
- Execution, attestation and registration
When to use it
Use when a parent, spouse or other relative wants to transfer a flat during their lifetime to a family member as a gift.
Format: Editable Word document (.docx), 3 pages.
Preview
[To be executed on non-judicial stamp paper / e-stamp of the applicable value]
DEED OF GIFT
THIS DEED OF GIFT is made at Mumbai on this [●] day of [month], 20[●]
BETWEEN
[Name], aged [●], residing at [address], [PAN ●], hereinafter called the “DONOR” (which expression shall include [his / her] heirs, executors and administrators) of the ONE PART;
AND
[Name], aged [●], the [son / daughter / spouse / grandchild] of the Donor, residing at [address], [PAN ●], hereinafter called the “DONEE” (which expression shall include [his / her] heirs, executors, administrators and assigns) of the OTHER PART.
WHEREAS
A. The Donor is the absolute owner of the flat described in the Schedule below (the “Flat”), having purchased it under an agreement dated [●] registered under No. [●], and is a member of [Society] holding Share Certificate No. [●].
B. The Flat is free from encumbrances [except ●], and …
Buy this draft, or subscribe to download every draft in the library.
Reviews
There are no reviews yet.