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 ?
For Christiani, subleasing was the best option: She could maintain the old apartment with all the rights and rent limits remaining intact if the move to New Jersey proved unsatisfactory.
The company, which took more space than it needed in order to provide room in which to grow, has been subleasing the 20th floor in a string of short-term deals.
While a lease may contain wording prohibiting a tenant from subleasing to certain groups such as to existing tenants or government entities, many of these caveats are unenforceable.
Statements as to the future expected operating cost savings, the Company's plans for facilities subleasing, the impact of engineering order delays and attendant reduced revenues, and lower than anticipated revenues from the Company's standard products, including the steps it may take and the programs it will emphasize are forward-looking statements.
The space that Bulgari is subleasing at 625 Madison was expansion space that was never occupied by Related Capital Co.
Another existing tenant, printing firm Merisel, then expanded, subleasing the entire fifth floor.