sublease

(redirected from Sub-let)
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

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 ?
The council sold him a 99-year lease for pounds 10,000 for the unit next door, which he went were raised, but the Wales Audit Office has rejected a request to investigate the matter PICTURE: Matthew Horwood [umlaut] * Former councillor Michael on to sub-let. Concerns
The landlord, on written request, may be willing to consider granting a concession for a period of six months allowing you to sub-let in the short term because at least the property will be occupied.
But the row continued and McLeish eventually admitted receiving pounds 36,122 in rent from five sub-lets dating back to 1987.
However Labour yesterday confirmed there was a sixth sub-let - to the Third Age Group, a voluntary organisation for the elderly.
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.
Many of the shopkeepers made their way to Carol's newsagents in Page Moss Parade, Huyton, which Mr Al-Selwi sub-let.
PEOPLE who were occupying an overcrowded, sub-let council house at Smethwick were kicked out by police and housing officials within hours of a report being made to a police-organised coffee morning.
Darren McFadden claimed he had sub-let the building to a man to store furniture.
Page, 60, had continued to claim benefit at the property in the Watergate Buildings, Sandhill, Newcastle, while he sub-let the flat.
About 10,000 council and housing association homes nationwide are fraudulently sub-let, denying those in real need amid chronic shortages is social housing, the Government says.
The 25-year-old Chinese nationals were killed by a man who pretended to want to sub-let a room in their flat, Newcastle Crown Court heard.
The firm, which shares a non-executive director with its client in this deal, is also working with Naylors to sub-let the Newcastle office from which it has moved.