Document background
The Leasehold Deed of Trust is a crucial document used in Indian property transactions where parties wish to place leasehold interests under a trust arrangement. This document is particularly relevant when there's a need to separate legal and beneficial ownership of leasehold properties, such as in family settlements, charitable purposes, or corporate structuring. It combines the principles of the Indian Trusts Act, 1882, with leasehold property rights under the Transfer of Property Act, 1882, creating a comprehensive framework for property management and beneficiary protection. The deed requires careful drafting to ensure compliance with both central and state-level regulations, including registration requirements and stamp duty provisions. It's commonly used in scenarios involving long-term property management, succession planning, or charitable purposes where professional trustees manage leasehold properties for designated beneficiaries.
