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Deed Of Conditional Gift - Legal Draft

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Category : Agreements Gift

This Deed Of Gift is

made at ... this ... day of ... between Mr. A residing at ... hereinafter

referred to as 'The Donor' of the One Part and (1) Mr. B and (2) Mr. C residing

at ... and at... respectively hereinafter referred to as 'the Donees' of the Other

Part.,Whereas the Donor is

the full owner of an immovable property consisting of land and a building

thereon situate at ... and more particularly described in the Schedule

hereunder written.And Where as one of

the said Donees the said ... is the wife of the Donor and the other Donee is

the nephew of the Donor, and the Donor has no Issue.And Whereas the Donor

in consideration of natural love and affection that he bears to the Donees,

desires to make a gift of the said property to them in the manner following-And Where as the

market value of the said property is estimated to be Rs....Now This Deed

Witnesseth that in consideration aforesaid the Donor doth hereby grant and

transfer by way of gift the said land and premises situated at ... and more

particularly described in the Schedule hereunder written together with all and

singular the things permanently attached thereto or standing thereon. and all

the rights, liberties. privileges, casements and advantages, appurtenant

thereto And all the estate, right, title and Interest, use, possession,

benefit, claim and demand whatsoever of the Donor To Have And To Hold the same

unto and to the use of Donees as tenants-in-common in equal shares subject to

the payment of all taxes, rates, assessment, due and duties now and hereafter

chargeable thereon and payable to the Govt. or any local authority. And subject

to the condition that if the said Mrs.... wife of the Donor dies without any

children then the whole of the said property shall belong to the other Donee being

the said Mr.... and his heirs, executors and administrators absolutely And

subject to the condition that the said property cannot be sold and mortgaged so

long as the first Donee the said Mrs ... is alive.AND the Donor doth

hereby covenants with the Doneesa.

That

the Donor now has in himself, good right, full power and absolute authority to

grant the said piece of land and other the premises hereby granted as gift In

the manner aforesaid.b.

The

Donees may at all times hereafter peaceably and quietly enter upon have occupy,

possess and enjoy the said piece of land and premises and receive the rents,

issues and profits and rents thereof and every part thereof to and for their

own use and benefit without any suit, lawful eviction, interruption. claim or

demand whatsoever from or by the Donor or his heirs, executors, administrators

and assigns or any person or persons lawfully claiming or to claim by from

under or in trust for the Donor.c.

That

the said land and premises are free and clear and freely and clearly and

absolutely and forever released and discharged or otherwise by the Donor and

well and sufficiently saved, kept harmless and indemnified of and from and

against all former and other estate, titles, charges and encumbrances

whatsoever, had made, executed, occasioned or suffered by the Donor or by any

other person or persons lawfully claiming or to claim by from under or in trust

for the Donor.d.

And

Further that the Donor and all persons having or lawfully claiming any estate

or Interest whatsoever to the said land and premises or any part thereof from,

under or in trust for the Donor or his heirs, executors, administrators or any

of them shall and will from time to time and at all times hereafter at the

request and cost of the Donees do and execute or cause to be done and executed

all such further and other acts, deeds, things, conveyances and assurances in

law whatsoever for better and more perfectly assuring the said land and

premises and every part thereof unto and to the use of the Donees In the manner

aforesaid as by the Donees their heirs. executors, administrators and assigns

or counsel in law shall be reasonably required.In Witness Whereof

the Donor and the Donees (by way of acceptance of the said gift) have put their

respective hands the day and year first hereinabove written.THE SCHEDULE ABOVE

REFERRED TOSigned and delivered

by thewithinnamed Donor A

In the presence of ...Signed by withinnamedDonees 1) Mr. B and

2) Mr. C in the presence of ...1................2................ .


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