Gift With A Condition For Revocation Legal Draft Template
| Category | Agreements Gift |
| Format | |
| File name | Gift with a Condition for Revocation |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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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. .