WHEN YOU GIVE OR RECEIVE LAND OR BUILDING AS GIFT, PREPARE A DEED OF GIFT

WHEN YOU GIVE OR RECEIVE LAND OR BUILDING AS GIFT, PREPARE A DEED OF GIFT

A Deed of gift is a legal document used to transfer ownership of land/real estate from one person to another without money being paid. Its importance in land transactions cannot be over-emphasized.

A Deed of Gift is to be prepared by a Property Lawyer & formalizes the transfer of property as a gift, outlining the giver’s intention to hand over ownership & the recipient’s acceptance of the gift.

It includes essential details such as property description, names of the donor and recipient and any conditions or restrictions attached to the gift.

In land transactions, deeds of gift serve various purposes. They facilitate intergenerational transfers, charitable donations or simply expressions of goodwill among family members, friends, partners.

A Deed of Gift ensures clarity and legality, preventing disputes over ownership or claims to the property.

Moreover, a deed of gift provides a means to record the transaction officially, safeguarding the interests of both parties involved.

In essence, while deeds of gift involves no monetary exchange, they are very valuable in ensuring transparency, legality and peace of mind in land transactions, preserving the integrity of property ownership for generations to come.

If you need help with Property and Business matters or transactions, call or Whatsapp Apex Chambers, best Property/Land/Real Estate and Business/Commercial Lawyers in Port Harcourt, Nigeria, anytime, any day and from anywhere in the world on +2347030868694.