UNDER-TENANT. One who holds by virtue of an underlease. (q.v.) See Subtenant.

Mentioned in ?
References in periodicals archive ?
Understandably, the landlord needs an empty premises to re-let, free of any claims to occupy from the former tenant, under-tenant or third party who has been allowed to occupy them in the past.
Whether or not this route is viable will depend upon the financial standing of the would-be under-tenant and the amount of work required to convert or improve the office space.
Whether or not the under-tenant pays the original tenant, the original tenant still has to pay the rent due under its lease to the landlord.