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.
You're asking if you can gift your immovable property to a friend while retaining the right to live in and rent it out for your lifetime. You also want to ensure the property returns to you if your friend passes away first. Unfortunately, a gift deed with such conditions is generally considered invalid under UK law, as gifts are typically expected to be unconditional.
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.
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