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- Click ‘Get Form’ to open the gift of equity purchase contract in the editor.
- In the first field, print the donor's name clearly. This identifies who is providing the gift.
- Next, enter the borrower's name in the designated space. This is the individual receiving the gift.
- Specify the relationship between the donor and borrower in the corresponding field to clarify their connection.
- Indicate the amount of equity being gifted by filling in the dollar amount. Ensure this reflects what was agreed upon.
- Provide the property address where this gift will be applied, ensuring all details are accurate for legal purposes.
- Both donors must sign and date at the bottom of the form to validate this transaction as a bonafide gift with no repayment expected.
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