Deed of Gift for Establishing a Hospital (India)
This document is a formal deed for the unconditional gift of land specifically intended for the establishment of a hospital. It outlines the transfer of ownership from the donor to the donee on the condition that the land is used to provide medical aid to the poor, with a clause that the land reverts to the donor if the hospital is not built within five years.
DEED OF GIFT FOR THE PURPOSE OF ESTABLSHING A HOSPITAL
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THIS DEED is made on this ____________________ day of ____________
BETWEEN
Sh._____________________________
s/o Sh. __________________________
r/o _____________________________ (hereinafter referred to as "the donor") of the one part
AND
Sh. ____________________________,
s/o Sh. ___________________________
r/o _______________________________ (hereinafter referred to as "the donee") of the other part.
WHEREAS
1. The donor is the owner and is absolutely seized and possessed of the plot of land situated at ___________________________ (more particularly describe in Schedule I annexed hereto).
2. The donee is desirous of establishing a hospital for rendering of better medical aid and to serve the poor people and for the said purpose requested the donor to make a grant of the said plot of land for establishment of a hospital at the said plot of land.
3. The donor has agreed to grant a gift of the said plot of land to the donee for establishment of a hospital thereon.
NOW THIS DEED WITNESSES AS FOLLOWS:
1. In consideration of the said agreement, the donor hereby convey, assigns and transfers to the donee ALL that plot of land described in the schedule annexed hereto TO HOLD the same to the donee and its successors and assigns for the purpose of establishing a hospital for rendering of better medical aid and to serve the poor people.
2. The donee hereby accepts the said gift and agrees with the donor that the said plot of shall be used for the sole purpose of establishing a hospital and if the donee fails to establish a hospital on the said plot of land within a reasonable time period, which shall not in any case exceeds a period of five years from the date of these presents, the said plot of land shall revert to the donor and his heirs, executors and assigns.
IN WITNESS WHEREOF, the donor and the donee hereunto have signed this deed this ______ day of __________ .
(The schedule I herein referred to)
WITNESS:
1. | THE DONOR | |
2. |
THE DONEE | |
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