If subleasing is not allowed then can one have partnership?
This query is : Resolved
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
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
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.
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