A Deed of Gift of Land is a legal document through which an owner of land and/or building voluntarily and willingly transfers his ownership to another person (usually a close family member), purely out of love and affection, without receiving any form of payment in return.
With this, the land/building owner permanently relinquishes all his rights, interests and claims over the property while the receiver steps into full legal ownership.
No exchange of money or thing of value, just a voluntary transfer of ownership.
Unlike a sale where money is paid, a Deed of Gift is made free of charge. The giver, fully aware and acting without pressure, gives the property to the recipient.
However, for a Deed of Gift to be legally strong and unchallengeable, it must be well drafted by an experienced Property and Real Estate Lawyer, clearly stating the intention of the giver, accurately describing the land/house and complying with all legal requirements, including signing and registration.
Any mistake or flaw in making a Deed of Gift can lead to disputes, conflicts and even loss of ownership.
When done correctly, a Deed of Gift securely transfers land/building ownership, preserves relationships and provides lasting legal security.
It ensures that the recipient’s ownership is not just assumed, but firmly established, protected and legally recognized without a doubt.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria
Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com