Gîft deed format
This query is : Resolved
02 February 2013
To Respected Experts of Caclubindia,
1) Sir, if a person wanna to gift a property to another, then how the deed will be drafted.
2) The abovesaid property is mortagaged with bank, the emis of bank would continue for fewer more years. If the deed is executed at present, will the deed be valid since the bank has right over the property.
3) If the deed will be invalid if executed at present, then is it possible to draft a deed in which the ownership will be transferred to another person as soon as emis of bank are over.
Kindly provide the format of such deed.
If possible kindly communicate at
jha.amarjeetkumar@gmail.com
Thanking you
1) Sir, if a person wanna to gift a property to another, then how the deed will be drafted.
2) The abovesaid property is mortagaged with bank, the emis of bank would continue for fewer more years. If the deed is executed at present, will the deed be valid since the bank has right over the property.
3) If the deed will be invalid if executed at present, then is it possible to draft a deed in which the ownership will be transferred to another person as soon as emis of bank are over.
Kindly provide the format of such deed.
If possible kindly communicate at
jha.amarjeetkumar@gmail.com
Thanking you
23 July 2013
What you want is the basic question. For mortgaged property you cannot make any gift or will till clearance is received from the bank
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