Sublease and Sublicence
Anindita
(Querist) 11 June 2009
This query is : Resolved
Sir/ Ma'am,
What is Sublease and Sublicence? And what are the Indian Laws relating to it?
Manish Singh
(Expert) 11 June 2009
Sub lease occurs when a lessee leases the propery out to a third party thus making the third party as a lessee. it depends on the relevant clause under the lease deed and understanding between the Lessor and the Lessee.
the same principle is applied in case of license of a property also.
lease is defined under the transfer of property of act and license id defined under the Easement Act
sanjeev murthy desai
(Expert) 11 June 2009
Lease property can convey through the sub-lease or sub-let to the others called as sub-lease. Transfer of Property act, stamp act, registration act mainly govrning this sublease.
Uma parameswaran
(Expert) 12 June 2009
A lease from one lessee to another is sub lease.
A license granted by a licensee to a third party, under the authority of the license granted by a licensor to the licensee
M. PIRAVI PERUMAL
(Expert) 12 June 2009
Agreement in which the lessee contracts with a third party allowing the latter to use the lessee's right to the leased property. An example is the sublease of an apartment by the tenant to another party. If the lessee accounts under the operating lease method, the sublessee would also account under this method.
A license giving rights of production or marketing of products or services to a person or company that is not the primary holder of such rights.
M. PIRAVI PERUMAL
(Expert) 12 June 2009
Agreement in which the lessee contracts with a third party allowing the latter to use the lessee's right to the leased property. An example is the sublease of an apartment by the tenant to another party. If the lessee accounts under the operating lease method, the sublessee would also account under this method.
A license giving rights of production or marketing of products or services to a person or company that is not the primary holder of such rights.
M. PIRAVI PERUMAL
(Expert) 12 June 2009
Agreement in which the lessee contracts with a third party allowing the latter to use the lessee's right to the leased property. An example is the sublease of an apartment by the tenant to another party. If the lessee accounts under the operating lease method, the sublessee would also account under this method.
A license giving rights of production or marketing of products or services to a person or company that is not the primary holder of such rights.
