The Land Use Act and the Lagos State Titles Registration Act and other State Land Registry Acts govern the registration of instruments that transfer shares in a property. The provisions of the Transfer of Ownership Act 1882 apply to gifts of immovable property. For the purposes of the Transfer of Ownership Act 1882 and the Registration Act 1908, all deeds of gift of immovable property are compulsorily registrable. 1. Taking into account the donor`s natural love and affection for the recipient, the donor transfers to the recipient the said property, the estimated value of which is Rs._________ (only Rupees_______), to the recipient in order to bequeath it to the recipient absolutely forever. 2. The owner accepted this gift and took physical possession of the property. The gift of movable property may be made by registration or by delivery of the property. The donor is the absolute owner and is in possession of the house in ____ with the description of the border as under: East: West: North: South The donor and the recipient are related as father and daughter. That out of natural love and affection of the donor for the recipient, the donor has the desire to transfer said property as a gift to the receiver. That the donor has no other male child and has only two daughters That the recipient has taken care of the donor in his old age.
That the donor also lives with the recipient`s family. That the donor is sane and is not under drunkenness, undue influence or coercion during this act of giving. Other names for the document: deed of gift of property, deed of gift of property, gift of property to children, gift of property to children, gift of property by deed Some donors use a deed of gift to indicate their future intention to make a gift. In this scenario, they keep the deed of gift and reserve the right to cancel the gift. This is called a revocable deed of gift. There are two main differences between a deed of gift and an act of renunciation: a deed of gift can be revocable, while an act of renunciation cannot be, and an act of renunciation must include some form of payment for the transferred property for it to be valid, whereas a deed of gift does not. _______ For this purpose, I provide the following: AS A WITNESS to this, I have this document at this ___ United States Department of the Interior National Park Service for nps use only the membership number Gift Certificate Name of donor(s) Phone number (specify area code) Address (number, street, city, state and zip code) while the National Park Service is. In addition to personal belongings, a deed of gift can also be used to transfer (or give away) real estate or real estate (such as a house or land) without consideration. However, since real estate generally has value, the recipient may have to pay taxes under the Internal Revenue Service`s (IRS) federal regulations on gift tax. A deed of gift is a legal document on which a person (a donor, assignor or grantor) transfers ownership of property to another person (a beneficiary, beneficiary or stock exchanger).
The property is transferred as a gift and the donor does not charge the receiver for it. The purpose of the certificate is to document the voluntary act of giving, and the donor does so at their own discretion. The person who gives the gift is called the donor, while the person or group who receives the gift is called the recipient or recipient. The donor must also designate an agent to act on the donor`s behalf to ensure that the donation falls into the hands of the recipient. This is especially important if the gift is given to a minor. A deed of gift is a document by which one or more persons (i.e., a donor) can transfer their property to one or more other persons (i.e., beneficiaries) through the gift without paying any money or any other consideration. Most often, donors use an irrevocable deed of gift to transfer ownership of the property once the document has been signed and delivered to the recipient. .