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Revocable Deed Of Gift - Legal Draft

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Category : Agreements Gift

The 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 Mr. B

........... residing at ...... hereinafter referred to as the 'Donee' of the

Other Part.Whereas the Donor is

absolutely seized and possessed of the land and building thereon situate at

...... and more particularly described in schedule hereunder written.And Whereas the Donee

is the widowed daughter of the Donor and has no sufficient means for her

livelihood .And Whereas 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.And Whereas the

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

Witnesseth and 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, casements and advantages

appurtenant thereto and all the estate, right, title and interest of 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.2.

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 toSigned and delivered

by thewithin named Donor

Mr. Ain the presence of1.2.Signed by way of

acceptance by thewithin named Donee

Mrs .......in presence of


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