Gift In Consideration Of Marriage Legal Draft Template

GIFT IN CONSIDERATION OF MARRIAGE

THIS DEED of settlement is made at ............ on this

............... day of

....…....,20...., between .................. s/o................

r/o.................... (hereinafter called

"the Settlor") of the ONE PART and .........................

s/o.......................... r/o ...........

..............................(hereinafter called "the beneficiary") of

the OTHER PART.

WHEREAS the Settlor is the exclusive owner of the property,

more particularly described in the Schedule hereto and hereinafter

called the said property.

AND WHEREAS at the request of the Settlor, the beneficiary has agreed

to marry the daughter of Settlor Kum. .............. on ...............

according to Hindu rites.

NOW THIS DEED WITNESSETH AS FOLLOWS:

1. That in consideration of the said marriage, the Settlor hereby

transfers, conveys, grants and assures unto and to the use of the

beneficiary all that property more particularly described in the

Schedule hereto, to hold the same to the beneficiary as

absolute owner, subject to the following conditions.

1. That the beneficiary hereby covenants with the Settlor that on

failure of the said marriage, the beneficiary shall reconvey

the said property to the Settlor at his own costs.

1. That the physical possession of the said property has been delivered

by the Settlor to the beneficiary.

1. That the estimated value of the property hereby transferred is Rs .

...........

IN WITNESS WHEREOF, the parties have set their hands to this on the

day and year first above mentioned.

The Schedule above referred to

(Particulars of the property to be transferred)

Signed and delivered by the within named

Settlor

Signed and delivered by the within named

beneficiary

WITNESSES;