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 ?
Going forward, Learner predicts that in addition to incorporating more flexible options into leases, tenants may 'buy' flexibility by taking more space than needed and structuring short-term sublease agreements amid strong demand from emerging start-ups.
Consider that subleases allow a tenant to mitigate a rent obligation while providing the landlord with a potential long-term direct tenant.
I think that the tenant world has become very astute," Turchin said; instead of offering up the back office, tenants looking to sublease are now offering the most marketable space they can, and they're offering more appropriate terms and build-outs.
The sublease recognition, subordination and early termination provisions of the ground lease should be carefully reviewed to ensure that the Subtenant's rights are not extinguished upon termination of the ground lease.
The amount of vacant sublease space in NJ continued to increase before reaching its peak of 9.
All that remains is 7,000-s/f of space at 800 Third Avenue; a tidbit compared to the mammoth 190K s/f of contiguous space Vivendi set out to sublease in the building three years ago.
United) pay scheduled sublease rentals to subsidiaries of Airbus.
The market will remain level with equal incentives and decreasing sublease for at least the next year.
Subleases accounted for 14 of the top 25 new leases in 2003 (not including renewals), up from eight of the top 25 in 2002.
Jones Lang LaSalle has completed two subleases for ABN AMRO Bank N.
Recently built, furnished subleases that often trade at a discount to direct space from landlords are faring well.
Subleases, thus, fell 2% from June to September to 954,960 SF -- still 18% of all availability.