Transfer of property

khushi desai (Querist) 06 May 2013 This query is : Resolved
DEAR SIR ,
MY FRIEND BORROWED RS.100000/- 15 YRS. AGO. NOW HE WANT TO TRANSFER HIS PLOT USING GIFT DEED IN MY NAME.CAN HE DO SO ? IF YES , WHAT REASON SHOULD BE MENTION ON THE AGREEMENT ?

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ajay sethi (Expert) 06 May 2013
gift deed is on account of natural love and affection . if the reason is he is unable to repay the loan better go in for sale deed

R.K Nanda (Expert) 06 May 2013
better go for sale deed.

Sailesh Kumar Shah (Expert) 06 May 2013
execute and registered sale deed stating consideration RS.100000/-.

prabhakar singh (Expert) 06 May 2013
Ask him to execute a registered sale deed for a consideration received in past.

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