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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. A lease by a tenant to another tenant of a part of the premises held by him; an underlease. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The deal, which was for the entire 6th floor and 8th floor in the building, absorbed the final portion of the roughly 130,000 s/f HIP had available for sublease since it vacated the building and relocated its offices to 55 Water Street two years ago. A second wave of sublease space is washing onto the West L. The bonds are secured by an assignment of the lease, sublease, sublease guarantees and leasehold mortgage to the trustee, a security interest in the construction fund, mortgage title policies, an assignment of the construction bonds and an assignment of the agency agreement. |
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