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Sublease
(redirected from sublets)

    Also found in: Dictionary/thesaurus, Wikipedia 0.12 sec.

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.
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? References in periodicals archive
It covers clauses, negotiating methods, obtaining the most favorable terms, negotiating fair rent, limiting escalations, limiting liability, enforcing tenant rights, sublets, CAM costs/operating expenses and audit rights.
The real estate information unit of Vendome Group (New York) has ... by Business Publisher
On the positive side, the JP Morgan Chase space increased the average price for midtown sublets by setting its sights at $72 per s/f, at least $20 more than the expected number.
First quarter numbers no cause for concern, say analysts by Misonzhnik, Elaine / Real Estate Weekly
Mobile-home rent controls: Would phase out rent control over time by removing controls on mobile-home spaces when the homeowner sells, sublets or transfers ownership.
EDITORIAL\Time for decontrol by Daily News (Los Angeles, CA)
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