Another Form Of Gift Deed (With Recitals)

 

Another Form Of Gift Deed (With Recitals) 

 

THIS DEED OF GIFT is made on this _________ day of ___________ 

BETWEEN 

Sh.___________________________ ,

s/o Sh._________________________,

 r/o ___________________________ (hereinafter referred to as "the donor") 

AND 

Sh.______________________________,

 s/o Sh.___________________________,

 r/o_________________________ (hereinafter referred to as "the donee") 

WHEREAS 

1. The donor is the owner and is absolutely seized and possessed of the house situated at _________ (more particularly describe in Schedule annexed hereto). 

2. The donor and donee are related to each other as father and son. 

3. That out of natural love and affection of the donor for the donee, the donor is desirous of conveying the said property as gift to the donee. 

NOW THIS DEED WITNESSES AS FOLLOWS: 

1. In consideration of the natural love and affection of the donor for the donee, the donor hereby transfers to the donee the said property, the estimated value of which is Rs._________ (Rupees_____________________________________________________ only) to the donee To Hold the same to the donee absolutely forever 

2. The donee has taken the physical possession of the said property as a token of acceptance. 

IN WITNESS WHERE OF, the donor and the donee hereunto have signed this deed this ______ day of ________. 

(The schedule herein referred to) 

WITNESS: 

1. THE DONOR 

2. THE DONEE