GIFT DEED

 

GIFT DEED

 

This deed of gift made this ______ Day of __________(month) ____________ (year) between;

       Mr. __________________, Age ____years,

       Resident of _____________________

       (Hereinafter called the “Donor”) of the One part

        And,

        Mr/Miss ___________________, Age ____ years,

        Resident of __________________

        (Hereinafter called the “Donee”) of the other part.

 

Witnesseth as follows:

1.      In consideration of natural love and affection being son/daughter of Donor, the donor hereby assigns unto the donee sum of Rs._____________ (amount) and to have and to hold the same unto the donee absolutely.

2.      The possession of the Rs._____________(amount) vide cheque No. ________Drawn on _____________________ , _____________ Branch dated _/_/__ hereinabove donated unto the donee and has been physically handed over to the donee as absolute owner before execution of this Gift Deed.

3.      The said gift of the Rs.______________(amount) has been accepted by Mr/Miss ___________________________.

4.      The donor from this date reserves no right or interest on the said sum hereby gifted which shall from this day be the sole and exclusive property of the donee.

5.       The property hereby gifted is the donor’s self-acquired property accumulated out of income earned and has full right and authority to dispose off it any manner he may think fit.

 

In witness whereof, the parties hereto have put their respective signatures on this deed of gift in presence of witnesses.

                         

                   

 

                         SIGNATURE, NAME AND                                                            Donor

                       ADDRESS OF THE WITNESS                                         ________________________

                        ______________________                                       (______________________)

                        ______________________

                        ______________________

                        ______________________                                         _________________________

                       _______________________                                      (__________________________)