Gift Deed For Property Transfer
A parting by owner with property without pecuniary consideration. Section 122 of transfer of property act defines a gift as the transfer of an existing moveable or immovable property. The act specifies that the gift must be given without any monetary consideration. Web a gift should be voluntary, without any force.
The donor and the donee must sign this document. Web giving away immovable real estate constitutes a property transfer and must be done in writing through a gift deed. In law, gift is considered a gratuitous transfer, i.e. Gifting is a voluntary action and the gift deed should mention that the donor is gifting the money in question without.
