Gift deed
Querist :
Anonymous
(Querist) 12 April 2018
This query is : Resolved
I am buying a new property which is donated as gift deed to the owner. All the powers are given to the owner but it is not mentioned she can sell or transfer the property in the deed.Is it necessary to mention the point of sale of property in the deed . Bank is denying to approve the home loan due to this reason and bank lawyer said deed may cancel in future. Please give suggestions and law of cancellation of gift deed.
Guest
(Expert) 12 April 2018
@ Mr./Ms. Anonymous,
You have not been able to present your academic query like a real problem. Your interest is purely of an academic nature, if asking about the law of cancellation of gift deed, whereas your problem should have been about refusal of loan by the bank.
Sorry, no advice for academic query.
Ms.Usha Kapoor
(Expert) 13 April 2018
Insert a sell or transfer clause in the deed.
