[Code of Federal Regulations]
[Title 36, Volume 1]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 36CFR18.10]

[Page 233]
 
              TITLE 36--PARKS, FORESTS, AND PUBLIC PROPERTY
 
      CHAPTER I--NATIONAL PARK SERVICE, DEPARTMENT OF THE INTERIOR
 
PART 18--LEASES AND EXCHANGES OF HISTORIC PROPERTY--Table of Contents
 
Sec. 18.10  Subleases and assignments.

    (a) A sublease, assignment, amendment or encumbrance of any lease 
issued under this part may be made only with the written approval of the 
Director.
    (b) A lease may be amended from time to time at the written request 
of either the lessee or the Government with written concurrence of the 
other party. Such amendments will be added to and become a part of the 
original lease.
    (c) The lease may contain a provision authorizing the lessee to 
sublease the premises, in whole or in part, with approval of the 
Director, provided the uses prescribed in the original lease are not 
violated. Subleases so made shall not serve to relieve the sublessee 
from any liability nor diminish any supervisory authority of the 
Director provided for under the approved lease.
    (d) With the consent of the Director, the lease may contain 
provisions authorizing the lessee to encumber the leasehold interest in 
the premises for the purpose of borrowing capital for the development 
and improvement of the leased premises. The encumbrance instrument must 
be approved by the Director in writing. An assignment or sale of 
leasehold under an approved encumbrance can be made with the approval of 
the Director and the consent of the other parties to the lease, 
provided, however, that the assignee accepts and agrees in writing to be 
bound by all the terms and conditions of the lease. Such purchaser will 
be bound by the terms of the lease and will assume in writing all the 
obligations thereunder.