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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 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 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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| While rents were unavailable, they likely are on par with what a tenant would pay for a direct lease with the landlord because the subleases stretch to 2023, a term that is considered very long for sublease space. And the offerings range from very short-term subleases on a few thousand feet to long-term direct leases on massive blocks, and everything in between. OTCBB:TGIS) today announced that it has agreed to subleases involving two of its offices, covering the remaining lease period of offices in Detroit and Reston, Va. |
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