HOW TO GIFT A LOVED ONE A LAND OR BUILDING

HOW TO GIFT A LOVED ONE A LAND OR BUILDING

Did you know you can transfer land, building or property as a gift to someone you love? That is the power of a Deed of Gift.

A Deed of Gift is a legal document with which a person voluntarily and freely transfers ownership of land, house or other property to another person without collecting money or any form of payment.

It is an act of generousity, used by parents and older siblings to give property to children, relatives or charitable organizations. Once signed, it has the same legal effect as if the property were sold.

For a Deed of Gift to be valid in Nigeria, the donor (the person giving) must have absolute ownership of the property, the intention to give must be clear and the Deed must be signed and registered.

Registration tell the whole world that ownership has changed hands, and it protects the donee (receiver) from future disputes or claims.

Without a proper Deed of Gift, a gift of property may be challenged, especially by family members who feel entitled to the property. But with a Deed of Gift, the receiver enjoys full legal ownership and the gift cannot be taken back.

Getting a Property Lawyer to prepare a Deed of Gift is the solid legal way to give property freely and avoid future problems.

So when love or legacy inspires you to give, do it right. Let a Property Lawyer prepare a Deed of Gift to protect your intention forever.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com