The Deed Of Gift Document is a crucial legal instrument in Nigerian property law that facilitates the transfer of property without monetary consideration. It is commonly used in family arrangements, charitable donations, and institutional gifts, requiring careful attention to legal formalities under Nigerian law. This document is particularly important when transferring land, vehicles, valuable personal property, or other significant assets, and must comply with the Land Use Act 1978 and relevant state laws when dealing with real property. The deed must be properly executed, witnessed, and may require registration with appropriate authorities. It's essential to note that in Nigeria, certain gifts, particularly of land, may require additional governmental approvals such as the Governor's consent in the relevant state.
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1. Parties: Identifies and defines the Donor (person giving the gift) and Donee (person receiving the gift) with their full legal names, addresses, and any relevant identification details
2. Background: Explains the context of the gift, relationship between parties if relevant, and confirms the Donor's ownership of the property
3. Definitions: Defines key terms used throughout the deed including 'Property', 'Transfer Date', and any other relevant terms
4. Gift Declaration: Clear statement of the Donor's intention to make the gift and transfer ownership absolutely and irrevocably to the Donee
5. Property Description: Detailed description of the property being gifted, including all relevant identifying details such as registration numbers, boundaries, or serial numbers
6. Title Warranties: Donor's confirmation of their right to make the gift and warranties about the property's title
7. Delivery and Transfer: Specifics about when and how the property will be transferred to the Donee
8. Execution Requirements: Format for signatures, including requirements for witnesses and attestation as per Nigerian law
1. Conditions: Used when the gift is subject to specific conditions or restrictions that the Donee must observe
2. Reservation of Rights: Used when the Donor wishes to retain certain rights over the property
3. Tax Declarations: Include when there are specific tax implications that need to be acknowledged
4. Power of Attorney: Include when someone is authorized to act on behalf of either party
5. Governing Law: While Nigerian law applies, this section may be included to specify which state's laws govern in case of interstate matters
6. Revocation Clause: Used in cases where the Donor wishes to retain the right to revoke the gift under specific circumstances
1. Property Schedule: Detailed technical description of the property, including measurements, boundaries, and any relevant certificates or plans
2. Title Documents: List and copies of all relevant title documents and certificates
3. Property Photos: Visual documentation of the property being gifted
4. Previous Ownership Documents: Documents establishing the Donor's ownership and right to gift the property
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