A "Deed of Gift of a Plot of Land" is a legal document used to transfer ownership of a specified parcel of real estate from one person (the donor) to another (the recipient or donee) without any monetary consideration. This type of deed formalizes the voluntary transfer of property and ensures that the gift is legally recognized.
Key Elements of the Deed:
Parties Involved: The deed identifies the donor (the person giving the gift) and the donee (the person receiving the gift). Full names and addresses of both parties are included to ensure clarity and proper identification.
Description of the Land: The deed provides a detailed description of the land being gifted, including its legal description, address, boundaries, and any identifying features or landmarks. This helps in accurately identifying the specific parcel of land.
Intent to Gift: The document explicitly states that the transfer of the property is a gift and involves no monetary consideration. It emphasizes the donor's intention to transfer ownership voluntarily and without payment.
Acceptance by the Donee: The deed confirms that the donee accepts the gift. Acceptance is a crucial element in the legal transfer of property, ensuring that the donee acknowledges and agrees to the transfer.
Execution and Witnesses: The deed must be signed by the donor and, in some jurisdictions, the donee. It may also require signatures from witnesses or a notary public to validate the document and ensure compliance with local legal requirements.
Legal Formalities and Registration: To make the transfer legally binding, the deed often needs to be registered with the appropriate local government authority or land registry office. This process records the new ownership and updates public records.
Additional Provisions: Depending on the specific circumstances, the deed may include additional provisions such as any conditions or restrictions related to the use of the land, or obligations on the part of the donee.
The Deed of Gift of a Plot of Land ensures that the donor's intentions are formally documented and legally binding, facilitating a smooth transfer of property and clear title to the recipient.
DEED OF GIFT OF A PLOT OF LAND
THIS DEED of gift is made at……………. On this………….day of…………….20 ……………. between A son of ……………. resident of(hereinafter called "the donor") of the ONE PART and Bsonof ……………. resident of …………….(hereinafter called "the donee") of the OTHER PART.
WHEREAS
(1)[P1] The donor is seized and possessed of the property
more particularly described in the Schedule hereunder written.
(2) [P2] The donor is desirous of conveying the said property to the donee out of natural love and affection.
NOW THIS DEED WITNESSETH AS FOLLOWS:
(1)[P3] In consideration of his natural love and affection for the donee, the donor transfers, conveys unto the donee all that the property, described in the Schedule hereto, to hold the same unto the donee absolutely for ever
(2)[P4] The donee accepts the said transfer and has this day received the physical possession of the said property.
(3)[P5] The value of the property is Rs . ....................
IN WITNESS WHEREOF, the donor has executed this deed of gift and be delivered the same to the donee, who has executed the same in token of acceptance thereof, the day and year first above written
The Schedule above referred to
WITNESSES
1 Signed and delivered by the within named donor
2. Signed and delivered by the within named donee
[P1]Donor, owner of property
[P2]Donor desires to gift property to donee
[P3]Transfer of property out of love and affection
[P4]Acceptance by donee
[P5]Value of Property
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