25 C.F.R. · Indians
25 C.F.R. § 162.453

May a lessee sublease a business lease?

Title 25 C.F.R. ● ACTIVE Primary Source
Regulatory Text

25 C.F.R. § 162.453 — May a lessee sublease a business lease?

§ 162.453 May a lessee sublease a business lease? (a) A lessee may sublease a business lease by meeting the consent requirements in § 162.454 and obtaining our approval of the sublease under §§ 162.455 and 162.456, or by meeting the conditions in paragraph (b) of this section. (b) Where the sublease is part of a commercial development or residential development, the lessee may sublease without meeting consent requirements or obtaining BIA approval of the sublease, if: (1) The lease provides for subleasing without meeting consent requirements or obtaining BIA approval; (2) The sublease does not relieve the lessee/sublessor of any liability; and (3) The parties provide BIA with a copy of the sublease within 30 days after it is executed.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR25-SEC-CC0CF1
Entity Class
REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
25 C.F.R. § 162.453
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CFR — Code of Federal Regulations
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PRIMARY-SOURCE
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The regulatory text of 25 C.F.R. § 162.453 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 25 25 C.F.R. § 162.453