Gift Of Property For Specified Purpose Legal Draft Template

GIFT OF PROPERTY FOR SPECIFIED PURPOSE

THIS AGREEMENT OF GIFT is entered into between ……………son of

……….. R/o …………. (hereinafter called the donor) and …………………………. son

of………………... R/o………………………. Doctor by Profession (hereinafter

called Donee) on ………………………….

WHEREAS the donee is running a charitable private Nursing

Home providing medical facilities to scheduled castes and poor patients of

any caste and community.

WHEREAS upon donee’s request the donor has agreed to transfer a plot

of land measuring ………………………… Square Yards situated at

………..…………….……………… and numbering as Nursing Home for the purpose of

Constructing an Annexe, fully equipped with ...... beds, to the

aforesaid Nursing Home without any consideration.

THE DONOR AND THE DONEE HEREBY AGREE WITH EACH OTHER AS FOLLOWS.

1. That in furtherance of his intention to donate the aforesaid plot in

pursuance of the aforesaid agreement and in consideration of the

aforesaid charitable purpose, the donor does, hereby transfers, gives

and conveys the aforesaid plot to the donee, valued at present, at

Rs………………To Hold the said plot unto the said donee or his

successors, running the aforesaid charitable, Nursing Home as long

as the said plot shall be used for the purpose for which it has been

donated or so long as the purpose of the Nursing Home remains charitable

of Scheduled Castes and poor patients.

1. That the Donee does, hereby, accept the gift subject to the condition

that if the aforesaid plot is used for any other purpose than for

which it is donated

or if the purpose of the Nursing Home ceases to be charitable treatment

of Scheduled Castes and poor patients, the said plot shall revert back

to the donor or his heirs as the case may be.

In witness whereof, we have signed this deed of

gift on

……………………...

Sd/-Donor……….. Sd/-Donee………..

WITNESSES:

1. ……………
2. ……………