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Gift With A Condition For Revocation - Legal Draft

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Category : Agreements Gift

This Deed of Gift is

made on.day of between Mr..son of.r/o(hereinafter called

as Donor) and Donee on this .day of.in the city of..and whereas the donor

is anxious to benefit the donee in case the donor does not return to the city

ofand under these circumstance thedonor is making a

gift of his properties with a reconveyance clause.And Whereas the donor

is willing to gift away his properties, more specifically detailed in the

schedule hereto, valuing, at present at RsAnd Where as the

aforesaid donee undertakes to reconvey the peaceful possession and title of the

property described hereinafter upon donors return and on his demand, and the

donee also promises no to alienate encumber the aforesaid properties during the

lifetime of the donor.This Deed Witnesses as

Follows1.

That

the donor does, hereby, out of his free will and without force, compulsion or

undue influence, transfers by way of gift his entire properties, described in

the schedule hereto, to the said donee. To have and hold the same as beneficial

owner for himself and his heirs and successors subject to the only conditions

reconvening the properties to the donor at this return and on his demand

without any objection and at his expenses.2.

That

the donee accepts the gift and takes the physical possession of the gifted

properties with the conditions of reconveyance and non-alienation of the

property during the lifetime of the donor.IN WITNESS WHEREOF

both the Donor and the Donee have signed this gift-deed on the day, month and

year hereinbefore stated .Sd/- Donor..Sd/- Donee..Witnesses :1. .2. .


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