§ 162.578 May a lessee sublease a WSR lease?
§ 162.579 What are the consent requirements for a sublease of a WSR lease?
§ 162.580 What is the approval process for a sublease of a WSR lease?
§ 162.581 How will BIA decide whether to approve a sublease of a WSR lease?

Terms Used In CFR > Title 25 > Chapter I > Subchapter H > Part 162 > Subpart E > WSR Lease Subleases

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.