Termination Of A Long Term Registered Sub-Lease Deed

In India, commercial leases are term based and have a specific time limit after which the leases expire. The Transfer of Property Act, 1882 ("Act") entitles a lessee to further lease the property to others. In the original lease the original leaseholder become the master lessee when a sub-lease is created. In Sub-lease the original lessee becomes the sub-lessor and assigns some or all of his interests in the premises to a third party called the sub-lessee.This article highlights the rights available to a sub-lessee to protect its interest in the leased premises sub-leased for commercial purposes.

SUB-LEASING OF THE PREMISES

Section 108(B) (j) of the Act, provides that the lessee may sub-lease the whole or any part of his interest in the property, and any transferee of such interest or part may again transfer it. However, the lessee does not (by reason only of such transfer) cease to be subject to any of the liabilities attaching to the lease.