Gift In Consideration Of Marriage Legal Draft Template

This deed of

settlement is made at ............ On this ............... Day of

........,2000, between a son of b resident of ............... (hereinafter

called "the settlor") of the one part and shri c son of shri

......... Resident of .......... (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.2.

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.3.

That

the physical possession of the said property has been delivered by the Settlor

to the beneficiary.4.

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 SettlorSigned and delivered

by the within named beneficiaryWITNESSES;1.2.