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Revocable Deed Of Gift Legal Draft Template

Category Deeds Gift
Format Word Document
File name Revocable Deed of Gift.doc

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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.

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Revocable Deed of Gift

The Deed of Gift is made at . . . . . . this . . . . . . day of . . . . .

. between . . . . . . . . . . . . . residing at . . . . . . .

hereinafter referred to as `the Donor' of the One Part and Mr. . . . . . .

. . .

. . residing at . . . . . . . . . . . . . . . . . . . . . . hereinafter

referred to as the `Donee' of the Other Part. WHEREAS -

(1) The Donor is absolutely seized and possessed of the land and building

thereon situate at . .

. .............................................................. . . and

more particularly described in schedule hereunder written.

(2) The Donee is the widowed daughter of the Donor and has no

sufficient means for her livelihood .

(3) The Donor therefore desires to make a gift of the said property

described in the schedule hereunder written to the Donee so that

she can recover income thereof for her maintenance during her

life time but subject to the conditions hereinafter mentioned

which are acceptable to the Donee as is evidenced by her executing these

Presents.

(4) The market value of the said property is estimated to be

Rupees. NOW THIS DEED Witnessed that with a view to carry out the said

desire of the Donee and in consideration of natural love and

affection the Donor doth hereby grant and transfer by way of gift

the said piece of land more particularly described in the schedule

hereunder written together with the building and structure

standing thereon and all the things permanently attached thereto

or standing thereof and all the rights liberties privileges,

easements and advantages appurtenant thereto and all the estate, right,

title and interest of the Donor therein To Have and to Hold the same unto

and to the use of the Donee but subject to payment of all rates, taxes,

assessments, dues and duty now and hereafter chargeable thereon to

the Government and the Municipal Corporation (or Council) or any

local authority and also subject to the conditions hereinafter

stated namely:

  1. The Donee shall have no right to sell, mortgage or otherwise dispose

of the said land and premises hereby gifted.

  1. The gift hereby made shall stand revoked on the remarriage of the

Donee or on her death whichever event shall happen earlier and

thereupon the said land and premises shall revert back to the Donor

or his heirs, executors or administrators as the case may be.

IN WITNESS WHEREOF the Parties have put their respective hands

the day and year first hereinabove written .

THE SCHEDULE ABOVE REFERRED TO , x x x x

Signed and delivered by the

within named Donor . . . . . . . . ... . . . . . in the presence of

Signed by way of acceptance by the within named Donee . . . . . . . . . .

. . . . . in the presence of

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