In real estate, a Donor is a person or entity that voluntarily transfers ownership of real property to another party as a gift, without receiving consideration in return. The donor initiates the transfer, typically by executing a deed that conveys title to the recipient, known as the donee.
Although no sale occurs, the donor must still comply with all legal requirements for a valid conveyance, including proper execution and delivery of the deed. Gift transfers may also involve tax considerations, such as potential gift tax liability, and do not eliminate existing liens or encumbrances on the property unless they are separately satisfied.
