banner_ad

If subleasing is not allowed then can one have partnership?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 July 2018 Hello,

So a company A has leased a shop to a company B. The contract specifically bars subleasing.

Can the company B form a partnership with company C to transfer its liability of managing the venue in lieu of a fixed amount and/or share in income?

Will such a partnership require a renewal of contract with A?

Thank you
Profile Image

CS Peer mehboob

Profile Image

CS Peer mehboob (Expert)
26 July 2018 Before Sub-Leasing or any other transaction at the leased property of A, you have to take approval from A whether in writing or oral, if such arrangement was not provided and mutually approved in the executed Lease Deed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details