Gift Letter
noungift let·terpronounced GIFT LET-ər
Last reviewed 16 April 2026
What does the noun Gift Letter mean?
A signed letter or statutory declaration from a family member confirming that money provided for a property purchase is a gift, not a loan, and is not expected to be repaid. Lenders require this before they will treat the funds as part of your deposit.
How the noun Gift Letter is used
Dad gave us $30,000 for the deposit, but the bank wouldn't count it until he signed a gift letter confirming the money didn't need to be repaid.
Synonyms
gift statutory declaration
Related words
Cite this entry
MLA citation: "Gift Letter." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/gift-letter. Accessed 29 May 2026.
Chicago citation: How to Property. "Gift Letter." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/gift-letter.
APA citation: How to Property. (2026, April 16). Gift Letter. https://howtoproperty.com.au/definitions/gift-letter