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Gift Of Property For Hospital - Legal Draft

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Category : Agreements Gift

Let It Be Know To All

Men that I.. s/o .r/o..(hereinafter called the Donor, owner in

possession of land described in the schedule annexed herewith, intending to

construct and start a hospital in for providing free medical facilities

to the poor inhabitants of , desire to donate the aforesaid land to

Mr s/o.r/o..(hereinafter called the Donee).Both The Donor And

Donee Hereby a Agree to The Following :1.

That

the donor does hereby and hereunder of his free will and without force,

compulsion or undue influence, give, grant, convey and assign the entire land

(described in the schedule) unto and to the use of the donee and his successors

and heirs for the purposes of a site for construction of the said hospital. To

have and hold the same so long as it would be utilized for the purpose for

which it has been donated.2.

That

the donee hereby accepts the gift made hereinbefore solely and exclusively fore

the purpose mentioned above and subject to conditions hereinbefore stated.3.

That

it is also agreed between the parties that if the land so gifted is not

utilized for the purpose for which it has been donated within a span of three

years from the date of the execution of this deed of gift or the said hospital

is demolished or shifted elsewhere or amalgamated with some other hospital, the

present deed of gift shall stand revoked automatically and the land so gifted

and all buildings and structures thereon shall revert back to the donor or his

heirs and successors as the case may be and shall form part of his former

estate as if such deed of gift was never executed.4.

That

the parties further agree with each other that in the event of the land so

gifted being required by the Government, the donee and his successors shall be

entitled to the compensation shall be reinvested in the purchase of land and

construction of the building of the hospital.5.

That

the estimated value of the land so gifted is RsIn Proof Whereof the

donor has executed this deed and delivered the same to the donee who has also

executed the same in token of acceptance thereof on this ..The schedule referred

above signed, sealed and deliveredSd/-Donor.

Sd/-DoneeWitnesses :1. Sd/- ..2. Sd/-..


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