Can a leased property be gifted by the Lessee? A leasehold property cannot be gifted, however one can gift his leasehold right in the property. The Lessee may have to take permission from the Lessor for that, depending upon the terms and conditions of the lease agreement.
A format of such a gift deed - gifting the leasehold right in the leased property - is provided in the following link. The deed is also available in PDF format for free download.
SOURCE: Law & Legal
