Querist :
Anonymous
(Querist) 04 December 2021
This query is : Resolved
Can I transfer my immovable property to my friend by gift with condition as below; 1) I will reside & rent the property on my lifetime. 2) If my friend dies before me, I will get my property back.
kavksatyanarayana
(Expert) 04 December 2021
A conditional gift means, you can enjoy the property during your lifetime but you cannot transfer i.e. giving to rent/lease etc,.
Dr J C Vashista
(Expert) 05 December 2021
The gift has to be unconditional.
Advocate Bhartesh goyal
(Expert) 05 December 2021
No, gift deed with such conditions is invalid in eye of law.
Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup