GIFT DEED
This Gift Deed is made on ______ at ______ between ______ (the "Donor") and ______ (the "Donee"), who is the Donor's ______.
Recitals
The Donor is the absolute owner of the property described below and, out of natural love and affection, wishes to gift it to the Donee.
Property gifted
______
The approximate market value of the property is ______.
Terms
1. The Donor transfers the property to the Donee by way of gift, absolutely and forever, without any consideration.
2. The Donee accepts the gift, and possession has been delivered to the Donee on the date of this Deed.
3. The Donor confirms that the property is free from encumbrances, claims and litigation, and that the Donor has full right to gift it.
4. The Donee shall hold the property as its absolute owner, free from any claim of the Donor.
A gift of immovable property must be made by a registered deed and stamped as per the law of the state where the property is situated.
Donor: ______