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 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.

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Lastly, remember that in the large majority of cases, a sublease requires the consent of the "master landlord"--so your landlord, who is a tenant under a master lease, is obligated by the terms of the master lease to get the master landlord's consent, and that consent is an important pre-condition to the effectiveness of the sublease.
Keep your exposure to real estate low: Sublease
Identify a potential subtenant and establish key business terms: Once you've spoken with your landlord and you are certain that you will be pursuing a sublease, the next step is to sketch out the key business terms of a sublease arrangement (rent, term, etc.
A sublessor's plan of attack: five steps to help navigate a potentially daunting task
3% of new leases for tech/creative firms with move-in dates between January 2013 and April 2013 were subleases; In contrast, subleases for traditional tenants comprised just 15.
Subleases trump traditional leases amid New York City tech boom
Having economically defeased both its rental obligations under the sublease and its fixed payment under the fixed payment option, FM keeps the remaining portion of the headlease prepayment as its return on the transaction.
IRS Examines Effects of LILO Transactions
Coincidentally, as you've seen sublease space dwindling down, you've seen pricing go up," Turchin said.
Shrewd tenants take subleasing to new levels
Grizzled real estate veterans recognize that timing plays a crucial role in sublease outcomes.
Cutting the ties that bind: Negotiating lease terminations
The quantity of marketable sublease space that is available is important because sublease space accounts for about 30 percent of the entire Manhattan office market and is generally priced below direct office space.
Most Midtown sublease space called unmarketable
A sublease transfers less than the entire term and interest in a lease.
A primer for property managers: So your tenant wants to sublease?
The bulk of the sublease space in the building is being offered by Allianz, the German insurance company, which signed a deal to relocate to 1633 Broadway over the summer.
Sublease space at 1345 Avenue of the Americas adding up
Historically, sublease rents have been less volatile.
Pain beginning to ease for landlords as asking rents post back-to-back growth

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