Deed of Donation of Condominium Unit
DEED OF DONATION
KNOW ALL MEN BY THESE PRESENTS:
I, _____________, of legal age, Filipino, (single / married / widow), and a resident of _____________, Philippines (hereinafter called the “DONOR”);
– and –
_____________, likewise of legal age, Filipino, (single / married / widow), and a resident of _____________, Philippines (hereinafter called the “DONEE”);
WHEREAS, the DONOR is the registered owner of a certain condominium unit, more particularly described as follows:
(Technical Description of Title of Condo Unit)
WHEREAS, the DONEE desires to donate the above-described condominium unit to her _____________, and the latter is ready, willing and able to accept the same;
NOW, THEREFORE, for and in consideration of the love and affection which the DONEE inspires in the DONOR, and as an act of gratitude, pure liberality and generosity on her part, the DONOR hereby voluntarily and freely GIVES, TRANSFERS, and CONVEYS by way of donation, unto the DONEE, (his/her) heirs, assigns, and successors-in-interest, the above-described condominium unit, together with all the improvements found thereon, free from all liens, encumbrances and charges of whatever kind;
That the DONOR affirms that this donation is not made with intent to defraud (his/her) creditors, and that (he/she) has sufficient funds and property reserved for herself and her obligations;
That the DONEE hereby accepts and receives this donation made in (his/her)favor by the DONOR, and hereby manifests (his/her) gratefulness for the latter’s generosity and liberality.
IN WITNESS WHEREOF, both parties have hereunder subscribed their names this _____________ at _____________, Philippines.
SIGNED IN THE PRESENCE OF:
What is a donation deed?
A deed of donation is a legal instrument used to transfer property ownership rights from one person (the donor) to another (donee). This kind of transfer doesn’t call for compensation, so it’s typically provided without payment. This is typically how donations are made between family members and close friends.