A Deed of Donation transfers property from the owner to another person by way of donation. The Deed of Donation is usually executed for the love and affection the donor has for the donee.
A Deed of Donation transfers property from the owner (the “donor”) to another person (the “donee”) by way of donation. The Deed of Donation is usually executed for the love, gratuity and affection the donor has for the donee (e.g. from a parent to a child).
The donation can be simple and straight-forward with no conditions attached. However, the donor can also impose conditions on the donation that the donee must follow at the risk of the donation being revoked. For example, the donor can require the donee to take care of the donor for a certain period of time.
A Deed of Donation is used when you will donate property to another person.
Philippine law requires the donation of (a) immovable property (e.g. land, house); and (b) movable property (e.g. jewelry, car) worth more than PHP 5,000.00 to be in writing and notarized in certain cases. Hence, certain donations cannot be made orally otherwise they are not legally binding under the law. A Deed of Donation can satisfy the law's requirement for a written document.
A Deed of Donation serves as the donee’s proof that property has been donated to him / her and that he / she has a right to the same. In certain situations government agencies require a Deed of Donation before they will issue a new Certificate of Title in the donee’s name.
For the donor the Deed of Donation allows the donor to put in writing any conditions that come with the donation. The donor can require the donee to follow certain conditions at the risk of revoking the donation.
In any case the Deed of Donation ensures that the donation complies with the requirement under the law (if applicable) that the donation be in writing.
To create your Deed of Donation you’ll need the following minimum information:
The document costs PHP 350 for a one-time purchase. Once purchased you have unlimited use of the document.
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