25 C.F.R. § 162.453

Current through October 31, 2024
Section 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.

25 C.F.R. §162.453