Gift Deed

GIFT DEED

This GIFT DEED is made and executed at {{execution_place}} on {{execution_date}}.

BETWEEN:

{{donor_name}}, aged about {{donor_age}} years, residing at {{donor_address}}, hereinafter called the "DONOR";

AND

{{donee_name}}, aged about {{donee_age}} years, residing at {{donee_address}}, being the {{donor_donee_relation}} of the Donor, hereinafter called the "DONEE".

WHEREAS the Donor is the absolute and lawful owner of the property described hereunder, free from all encumbrances.

AND WHEREAS out of love and affection for the Donee, the Donor has decided to gift the said property without any monetary consideration.

NOW THIS DEED WITNESSETH:

1. PROPERTY GIFTED: The Donor hereby gives, grants, transfers and conveys to the Donee, by way of gift, the property described below (the "Gifted Property"):
   {{property_description}}

2. MARKET VALUE: The approximate market value of the Gifted Property is Rs. {{property_value}}/-.

3. The Donor declares the property is free from all encumbrances, mortgages, and disputes.

4. This gift is made out of natural love and affection. No monetary consideration has passed or will pass.

5. The Donee hereby accepts this gift.

IN WITNESS WHEREOF the Donor and Donee have signed on the date first written above.

DONOR: {{donor_name}} _______________

DONEE: {{donee_name}} _______________

WITNESSES:
1. {{witness1_name}}
2. {{witness2_name}}