Section 27 in The Rail Land Development Authority (Development of Land and Other Works) Regulations, 2012
27. Transfer of lease and sub-lease.
(1)The lessee cannot transfer or assign the lease except by way of sub-leasing as permitted under these regulations:Provided that a lessee under sub-regulation (3) of regulation 17 cannot further sub-lease the built-up area.(2)Except as permitted under sub-regulation (3) of regulation 26, a sub-lessee cannot further sub-lease the built-up area to any other person or entity:Provided that such a lessee or a sub-lessee shall be permitted to transfer the sub-lease to another person or entity with prior permission of the Authority and the lessee, respectively, and after making a one-time transfer charge to the Authority, through the lessee in case of a sub-lessee, in a manner as may be determined by the Authority.
