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Gift Deed
"I need a Gift Deed to transfer my residential property in Lagos, Nigeria to my eldest daughter, with a condition that the property must be used for residential purposes only and cannot be sold for 10 years."
1. Title and Date: Specifies the document as a Gift Deed and the date of execution
2. Parties: Identifies the Donor (person giving the gift) and Donee (person receiving the gift), including their full names, addresses, and capacity to contract
3. Background: States the Donor's ownership of the property and intention to gift it to the Donee
4. Definitions: Defines key terms used throughout the deed
5. Details of Gift: Precise description of the property being gifted
6. Declaration of Gift: Clear statement of the Donor's voluntary transfer of property without consideration
7. Transfer of Rights: Statement transferring all rights, title, and interest in the property to the Donee
8. Possession and Control: Confirms immediate transfer of possession and control to the Donee
9. Donor's Covenants: Warranties by the Donor regarding ownership, right to transfer, and freedom from encumbrances
10. Acceptance: Donee's formal acceptance of the gift
11. Execution: Signature block with attestation by witnesses
1. Conditions of Gift: Used when the gift is subject to specific conditions or restrictions
2. Reservations: Used when the Donor wishes to reserve certain rights over the gifted property
3. Tax Declarations: Used when specific tax implications need to be acknowledged
4. Power of Attorney: Used when the deed includes authority for the Donee to complete registration formalities
5. Family Consent: Used when the property is family property requiring consent of family members
6. Governor's Consent: Used for statutory land requiring specific mention of seeking Governor's consent
1. Property Schedule: Detailed description of the gifted property including boundaries, measurements, and registration details
2. Title Documents: List of all title documents being handed over with the property
3. Encumbrances Schedule: List of any existing encumbrances, if any, affecting the property
4. Family Members' Consent: Where applicable, list of family members giving consent with their signatures
Authors
Real Estate
Private Wealth Management
Legal Services
Property Development
Construction
Agriculture
Mining
Family Business
Non-Profit Organizations
Religious Organizations
Legal
Real Estate
Property Management
Compliance
Land Administration
Wealth Management
Estate Planning
Document Management
Corporate Secretariat
Legal Counsel
Property Manager
Estate Manager
Land Administrator
Conveyancing Lawyer
Real Estate Manager
Property Rights Officer
Compliance Officer
Legal Administrator
Title Registration Officer
Estate Planning Advisor
Wealth Management Advisor
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