GIFT DEED

  

 

 

GIFT DEED

 

This Gift Deed is made a (Karachi) on this day of __, 2_

 

BY AND BETWEEN

 

Mr. Khan son of Majeed, Muslim, adult, resident of House # R000, Gulshan-e-Iqbal, Block-00 Karachi., holder of CNIC#42201-0000000-0 ,(hereinafter referred to as “the Donor" which expression shall mean and include his/her legal heirs, legal representatives, executors, administrators and assigns) of the First Part.

AND

 

Mr. Rehman son of Khan, Muslim,  adult,  resident  of R460, Hussain Hazara Goth, Gulshan-e-Iqbal, Block-11 Karachi, holder of CNIC#42201-0000000-0,

(hereinafter referred to as “the Donee" which expression shall mean and include his/her legal heirs, legal representatives, executors, administrators and assigns) of the Second Part.

 

WHEREAS:

 

v     The Donor has been the exclusive lawful owner of the Property, House (Ground + Five Floor) on Residential Plot of Land bearing No. R00, measuring 120 Square Yards, situated Gulshan-e-Iqbal, Block 00, Deh Okewari Karachi. (hereinafter collectively referred to as “the said Property”).

 

 

v     The Donor is the Father of the Donee.

 v      The Donor is desirous of gifting the “said Property” in favour of the Donee      

       without any monetary consideration, out of natural love and affection, of

 his own free will and without any force or compulsion and the Donee is     

 willing to accept the said Gift.

NOW THEREFORE THIS DEED WITNESSTH AS FOLLOWS:—

 

1.         That out of natural love and affection for the Donee the Donor hereby gratuitously grants, transfers, conveys and assigns by way of an irrevocable gift the “said Property: mentioned in the Schedule hereinbelow with all the rights, titles, interests, benefits, etc. therein in favour of the Donee without any monetary consideration, of his own free will and without any force or compulsion and the Donee hereby accepts the said Gift.

 

2.       The Donee hereby accepts the said Gift of the “said Property” and all the rights, titles, interests and benefits, whatsoever in respect thereof from the Donor, without any monetary consideration, of their own free will and without any force or compulsion.

 

3.       The Donor confirms, represents and assures that the “said Property” are free from all claims, liens, pledges, charges, prior gifts, bequests, inheritance claims, disputes, adverse titles or encumbrances of whatsoever nature.

 

4.       That henceforth the Donee shall be the exclusive lawful owner of the “said Property” and shall be entitled to receive all dividends, bonus Property, rights, entitlements and other benefits accruing thereon and shall be entitled to hold, deal  with, transfer, alienate, encumber, gift, pledge, sell or dispose of the same, as the exclusive lawful owner thereof.

 

5.       The applicable stamp duty, transfer fee, CDC’s charges and registration charges, if any, on this Deed shall be borne by the Donor.

 

6.                  Donee can apply for separate PTCL , Sui Gas, Electric Connection.

 

IN WITNESS WHEREOF the Parties hereto have hereunto set and subscribed their respective hands on these presents, on the day, the month and the year first above mentioned.

 

Donor’s Signature:                                                 Donee’s Signature:

Name: Khan                                                          Name: Rehman

CNIC: 42201-0000000-0                                         CNIC: 42201-0000000-0

                               

WITNESSES:

 

1. ____________________                                                           2. ____________________

Name: Muhammad Yousuf                                                 Name: Umer Farooq

CNIC#42101-0000000-0                                                        CNIC:42101-0000000-0