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 ?
The 22,400 s/f space is being vacated by the Jewish Association for Services for the Aged, which is shifting its operations to the entire 10th floor where it is subleasing space from Health Insurance Plan of New York.
Hanson has been appointed as the exclusive subleasing agent for 2,400 s/f feet of available space at 1133 Route 23 South in Wayne, NJ.
Another existing tenant, printing and reproductions firm Merisel then expanded, subleasing the entire fifth floor.
Jones Lang LaSalle is also subleasing 10,317 s/f at the 184,588 s/f 430 Mountain Avenue for an unnamed client.
Such chunks might have gone wholesale today, but considering the depressed state of the leasing market over the past few years, broker CRESA Partners, who handled the subleasing, was hard pressed at first to get potential tenants to even look at the space.
For now, they are subleasing the space they don't need to AKQA."