LAWyersclubindia LCI
Login  Register
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Would a joint venture be seen as a sublet of property?

(Querist) 24 September 2013 This query is : Resolved 
Hello Experts,

A partnership firm has a shop on lease. The lease doesn't allow subletting. Now this firm wants to enter into a joint venture where another company will be running its operations in the shop and giving this partnership firm a share of the revenue, but no rental.

Would this still be considered subletting, even if the other company is not giving a rental?

Thanks
Report Abuse
Kishor Mehta (Expert) 25 September 2013
Sir,
It depends on the terms, conditions and covenants of the Lease Deed.
Good Luck,
Kishor Mehta

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Laws Follow us





Browse by Category

Stay updated with latest Posts!