sublease

(redirected from subleasing)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

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 ?
For now, they are subleasing the space they don't need to AKQA.
As a result, during an interim period before that space is needed, costs can be transferred to a third party by subleasing it.
The best way to realize the potential gains from subleasing is to hire an expert to advise and execute a sublease strategy for your business.
The choice of an agent is pivotal to the success of the subleasing strategy.
In December, JLL completed two other subleasing assignments at 335 Madison for ABN AMRO.
So, Studley researched subleasing opportunities and was able to terminate the existing lease, provide the landlord with a current tenant willing to expand into NLI's space and then executed a sublease at well below market rent all at the same address.
In addition, Jones will be subleasing approximately 50,000 square feet that it leases at its current location at 463 Seventh Avenue.