Deed Of Gift Of Property8/22/2020
Miscellaneous Delivery of Possession: Simultaneously with the execution of these presents khas, vacant and peaceful possession of the Subject Property is handed over by the Donor to the Donee on (Possession Date).A gift deed for immovable property involves the gifting of some immovable property like a house.A gift deed describes every detail of the transaction as necessary by law.
Both for the doner and donee, a gift deed ensures proof of such transfer and thus avoids confusions that may arise in the future. AND, son of, by faith Hindu, by Nationality Indian, by occupation, residing at. Donee, includes successors-in-interest and assigns). Now this Deed of gift witnesses as follows- Subject matter of the gift THE SUBJECT LAND: ALL THAT piece or parcel of land hereditaments and premises measuring on ALL THAT piece or parcel of land hereditaments and premises measuring be the same a little more or less out of the total land situate and lying at and being Municipal Holding No., Ward No., within the limit of Municipality and having Postal Address. The Structure: storied brick built dwelling (houseflatbuilding), having built up area of Square feet, be the same a little more or less, standing on the Subject Land (The Structure). Other Rights: Easements and all other rights, liberties, privileges, and benefits appurtenant to the Subject Land and The Structure and all equipment, installations, fittings, fixtures, etc. BACKGROUND: Description of the Title: Chain of title is to be described in detail here. Sale to Donor: By a Deed of Sale dated, registered in the Office of the Sub-Registrar,, in Book No. Ownership of the Donor: In the circumstances, the Donor hereto became the sole and absolute owner of ALL THAT piece or parcel of land measuring be the same a little more or less including the common passage situate and lying at and comprised in. Construction by the Donor: Subsequently, the Donor constructed a storied brick built dwelling (houseflatbuilding) on his acquired property as aforesaid in accordance with the building plan duly sanctioned by the appropriate authority. Said Property: Thus the Donor has become the sole and absolute owner in respect of the land and the structure as referred above (Said Property). The Subject Property is the part and portion of the Said Property. Representations and Warranties of the Donor: Absolute Ownership: The Donor is the absolute owner of the Subject Property. Right, Power and Authority to Sell: The Donor has good right, full power, absolute authority and indefeasible title to gift andor alienate the Subject Property. Deed Of Gift Of Property Free From AllFree from Encumbrances: The Subject Property is free from all claims, demands, encumbrances, mortgages, charges, liens, attachments, lis pendens, uses, debutters, trusts, prohibitions, Income Tax Attachment, Financial Institution Charges and liabilities whatsoever or howsoever made or suffered by the Donor or any person claiming through the Donor and the title of the Donor to the Subject Property is free, clear and marketable. No Prejudicial Act by the Donor: The Donor has not at any time done or executed or knowingly suffered or been party or privy to any act, deed, matter or thing whereby the Subject Property or any part thereof can or may be impeached, encumbered or affected in title. No Personal Guarantee: The Subject Property is not affected by or subject to any personal guarantee for securing any financial accommodation. No Bar by Court Order: There is no order of the Court or any other statutory authority prohibiting the Donor from transferring andor alienating the Subject Property or any part thereof. ![]() The Donor has expressed his desire of gifting the Subject Property in favour of the Donee and the Donee has agreed to accept such gift. Terms of Gift Salient terms: The gift of the Subject Property being affected by this Deed is: Gift: A gift within the meaning of the Transfer of Property Act, 1882. ![]() Other Rights: Together with Easements and all other rights, liberties, privileges and benefits appurtenant to the Subject Property.
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