15 February, 2018
In terms of the recent, Revocation of Irrevocable Deeds of Gift on the Ground of Gross Ingratitude Act No. 5 of 2017, an irrevocable deed of gift may now be revoked on the ground on gross ingratitude by an order of a competent court. Legal action instituted for the revocation of an irrevocable deed of gift is required to be filed by the donor against the donee within 10 years from the date of execution of the deed of gift and within 2 years from the date on which the cause of action arose.
The donor should include an application of lis pendens with the Registrar of Lands of the district in which the deed was registered, or, if the deed was not registered, the district in which the land is situated.
For further information, please contact:
Savantha De Saram, Partner, D.L.&F. De Saram.
savantha@desaram.com
