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.

References in periodicals archive ?
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.
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.
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.
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.
Coincidentally, as you've seen sublease space dwindling down, you've seen pricing go up," Turchin said.
Grizzled real estate veterans recognize that timing plays a crucial role in sublease outcomes.
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.
A sublease transfers less than the entire term and interest in a lease.
Since we expect our growth to take place primarily outside Atlanta, we were pleased to be able to sublease our excess space, which has almost 5 years of its lease term remaining," said Lewis Jaffe, Verso's President and Chief Operating Officer.
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.
Historically, sublease rents have been less volatile.
NEW YORK -- Trizec Approves Morgan Stanley Sublease at Same Property