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

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.

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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.

Cambridge University sells space

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.

NAI Hanson works on Wayne sublease

Another existing tenant, printing and reproductions firm Merisel then expanded, subleasing the entire fifth floor.

Turnaround at 132 W 31st St; engineers sublease 50,000 s/f

Jones Lang LaSalle is also subleasing 10,317 s/f at the 184,588 s/f 430 Mountain Avenue for an unnamed client.

Jones Lang LaSalle tapped for 150,000 s/f sublease exclusive

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.

Vivendi's 300,000 s/f does disappearing act

For now, they are subleasing the space they don't need to AKQA."

Visual effects firm sees Spring as home

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