sublease

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sublease

n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. In any event, the original tenant (lessee) is still responsible for paying the rent to the owner (landlord/lessor) through the term of the original lease and sublease. (See: lease, rent)

sublease

verb allow the use of, demise, grant a deeise, grant a lease, hire, let out, make available for rent, rent, rent out, sublet, subrent, underlet

sublease

a lease of property made by a person who is himself a lessee or tenant of that property, or the act of granting or taking such a lease.

SUBLEASE. A lease by a tenant to another tenant of a part of the premises held by him; an underlease.

References in periodicals archive ?
Larger Kwik Save stores could also be downsized with the space again being sub-let.
Under the sub-let agreement, once rig acceptance procedures have been completed in the U.
After a colleague wrote explaining that the then councillor intended to sub-let the unit, the valuer stated in writing: "Am I to understand from this that Mr Michael will not occupy the premises, but will sub-let them to someone else?
The Audit Commission believes that up to one in 20 homes in inner-city areas like Merseyside may be unlawfully sub-let.
A A number of older leases have restrictions preventing the properties from being sub-let.
Building has a fenced lot for vehicle storage, a loft for additional use; and lease allows you to sub-let offices or retail space.
They extrapolated the figures to estimate that 157,077 homes were being fraudulently sub-let in the UK.
They then contacted the pub's licensee, Deidre O'Rourke, who told them she had sub-let that part of the premises to a Polish man.
A brand-new office building in the heart of phase one of the Waterfront Wakefield development has been let to Wakefield Council at pounds 15 per sq ft and sub-let to mail order company Redcats UK.
Mr Gannon said the licence could be granted in the next six weeks and is now looking for someone to sub-let the bar from him and run it separately.
I had a discussion with our fees office before the arrangement was entered into and they said they would prefer me to sub-let the office from the party rather than the other way round.
The company has agreed to sub-let 4,200sqft of first floor space from engineering consultancy Faber Maunsell, who have the whole of that level of the building at a reported pounds 22 sqft.