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The article explains how to make a gift agreement in very simple terms. This agreement of gift is executed amongst the following persons.

What is the agreement of a gift and how to make it

No

Status of person

Name

Address

Age

1

Donor

   

Adult

2

Donee

   

Adult

The donor is the property owner, which is more particularly described hereunder and referred to as the property.

Details of property

 

Relationship between the donor and the donee

 
 

Persons agree as follows

  1. The aforesaid donor out of natural love and affection for the donee, without any consideration, with this, transfers the property along with all rights, title, interest, and concern of any nature.
  2. All the deeds, papers, evidence, or any other legal documents (in original) relating to the property have been handed over to the donee.
  3. The aforesaid donor assures the donee that the property hereby gifted is free from all mortgages, charges, litigations, attachments, and disputes of any nature.
  4. The donee will pay utility charges such as electricity, water, maintenance, telephone, and internet charges for the property.
  5. Now the donor admits that he/she has been left with no rights, title, interest, and concern of any nature in the property and the donee has become the absolute owner of the property, who shall be fully competent to use and enjoy the property.
  6. The donee with this accepts the gift of the property from the donor and takes over the possession of the same from the donor.
  7. This agreement is made on the following stamp paper.
 

The amount of the stamp paper

 

The identity number of the stamp paper

 

Persons have read and understood this agreement and solemnly affirm that the information above is true and correct and agreed to acknowledge the same without any pressure from any side and provide the signatures.

Date

 

Place

 

Donor

Signature of Donor

Photo of Donor

Donee

Signature of Donee

Photo of Donee


 

Published by

Ashok Pitroda
(Accounting Professionals)
Category Income Tax   Report

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