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The group also plans to sublease space to other arts organizations.
"They may not be able to sublease without consent," he said.
In the current market, many owners are said to be taking a more relaxed view of subleasing.
They also said they might sublease some of their space.
Land was subleased in 1862 on a 21-year term.
Rights to temporarily sublease an apartment also are based on local law and lease terms.
The town, in turn, subleased the house to the association, also for $1 a year.
The groups will be subleasing space from Multex.com, an information and technology firm.
The consequences of the ban on subleasing should not be underestimated.
Ability to sublease or assign the lease to someone else, and if so, under what conditions.
In 2010 the company announced plans to sublease a portion of the headquarters.
Until the remodeling is complete she will remain in the studio, then sublease it.
Altogether, about one quarter of downtown office space now for rent is available through subleasing.
Permission for subleasing must be obtained from the state agency that controls the land.
The choice came down to six locations, two to be subleased, four on direct leases.
This means they are not only leasing the property, but also subleasing it simultaneously.
"I took one space, 9 by 12, and I subleased out the rest," she said.
"The first thing that a company in trouble does is lay off people and sublease the space they were in."
"We don't want these homes to be rented or subleased," he added.
A board, she said, should adjust to conditions in the marketplace and begin to permit subleasing for longer than a year or two.
Carbide got full rights to sublease, but very little lease flexibility.
But they were not then permitted to do so, because the development authority prohibits subleasing to government agencies.
Our proprietary lease permits subleasing, but only with board approval.
Doubling the rent is clearly illegal, but subleasing in this situation would be a risk for several reasons.
"We might sublease a piece of property where Texaco is not going to drill," he said.