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Can gift deed contain restriction clause
23-Feb-2023 (In Property Law)
whether a gift deed can contain clauses restricting the sale of property by donee tp a 3rd party ..?
The gift deed is a complete document wherein the Donor and Donee convey and accept the transfer. The document is compulsorily registereable. The gift deed even if it contains a restrictive clause will not restrict the right of Donee to transfer - sell the property invvoved.
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Adv. S.K Prabhakar Shetty
Bangalore | 500+ Answers
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yes include have rights sale of property by done tp a 3rd party ,... Under section 122 of the Transfer of Property Act, 1882, you can transfer immovable property through a gift deed.!
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Adv. Vedashree A
Bangalore | 500+ Answers
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No. But it can contain a clause saying it must be offered to someone first for sale before offering it to others. You can also convey a life interest if that help. You can't create a complete encumbrance on its transfer.
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Adv. Aditya Kamath
Bangalore | 25+ Answers
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