Deed registration in Erode | Gift Settlement Deed

Gift Settlement Deed

A Gift Deed is a legal document elucidating the voluntary transfer of the property to someone else without any monetary exchange. The handover can be made either to a person or an institution; however, it should be accepted by the recipient during the lifetime of the donor and should also be registered. We provide end to end support for gift deed.

A gift deed should include

Date and place where the deed is documented
Donor’s details (Name, Date of Birth, Father’s Name and Address).
Details of the Donne (Name, Father’s name, Date of Birth and relationship with the Donor).
Relationship of Donor and Donne and their signatures.
Elucidation of the property gifted and details of two witnesses present at the time of property transfer

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Procedure for cancellation of a Gift Deed

A Gift Deed can be revoked if it complies with following conditions

There is mutual consensus between the Donor and the Donne that the deed should be revoked.
The property transfer event was just based on the will of the Donor and the Donne was unwilling to accept the asset.
The condition is not illicit, repugnant and immoral to the estate created under the Gift.