Can the rental deed of the trust office be in the Founder's name?
Can the rental deed of the trust office be in the Founder's name?
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Advocate By LEAD INDIA
Answered: 09 Nov 2024
Sir, the rental deed can be in the founder's name, but it's advisable to have it in the trust's name for clarity and legal transparency. The trust deed should authorize the founder to sign such agreements. Having it in the founder's name could cause confusion in case of legal issues or tax matters. It is better to transfer the lease to the trust or have the founder sign as a trustee for clarity. For further legal assistance contact us on our helpline number.
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