Gift Letter for Buyer from Family Member-Lease Options,
A gift letter will help you prove your funds
When you are to buy a property in your name there is one main hurdle to stop you from making the purchase and that is of money. The finances are very hard to arrange and this is the time when your family may step in a give you the required push by giving you the required money to make the purchase. Generally in a family no one expects you to give back the money but when you are to pay the income tax return you will have to show where the money came from. If you fail to do so the government may take action against you.
Therefore you need to procure a gift letter for buyer from the family member who is donating the money to you or in other words giving you the money as gift with no intention of asking it back.
The contents of the gift letter
The gift letter contains
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