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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.
Collins Dictionary of Law © W.J. Stewart, 2006

SUBLEASE. A lease by a tenant to another tenant of a part of the premises held by him; an underlease.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Morgan Stanley subleased almost 700,000 s/f at One New York Plaza in 2005, space that was also being offered by Wachovia.
Aon, who REW first reported put 200,000 s/f of space at 55 East 52nd Street on the market in February, meanwhile, has subleased most if not the entirety of its space through CB Richard Ellis broker, Kenneth Rapp.
Calyon, Credit Agricole Group's Corporate and Investment Bank, which was created in May 2004 by the consolidation of Credit Lyonnais' Corporate and Investment Banking division and Credit Agricole Indosuez, has subleased a total of 134,662 s/f to four subtenants in its former New York office at 666 Third Avenue.
SAFDIE Investment Services Corp, an international banking group headquartered in Geneva, Switzerland subleased 14,197 s/f at 320 Park Avenue to George Weiss Associates, Inc.