sublet

sublet
sub·let /'səb-ˌlet/ vb -let, -let·ting
vt: to make or obtain a sublease of
vi: to lease all or part of a leased property

Merriam-Webster’s Dictionary of Law. . 1996.

sublet
I verb allow the use of, contract to lease, lease, let out, relet, rent, rent out, sublease, subrent, underlet associated concepts: assignment, covenant against subletting, restriction against subletting II index lease, rent, sublease

Burton's Legal Thesaurus. . 2006


sublet
When a tenant sublets, he usually needs to obtain the landlord's prior written consent or licence to do so. A business lease usually contains a term preventing the tenant sub-letting or parting with possession of the property by allowing a third party to occupy all or part of the premises. This absolute prohibition can be subject to subletting being permitted with the landlord's specific consent. For subletting, the landlord's greatest concern will be to ensure that the sub-tenant has no greater security that the tenant himself - for example that he does not obtain the tenant's statutory renewal rights. Since the existing tenant remains directly liable under the lease for rent, the landlord ought not to be particularly concerned over the credit worthiness of the sub-tenant. In any event the landlord will charge the tenant for his legal and other costs in considering and granting a licence

Easyform Glossary of Law Terms. — UK law terms.


sublet
v. The act of transferring one's lease to another, generally with all rights and obligations passing to the sublessee.

Webster's New World Law Dictionary. . 2000.

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Look at other dictionaries:

  • sublet — sub‧let [sʌbˈlet] verb sublet PTandPP or subletted subletting PRESPART [intransitive, transitive] PROPERTY to rent property that …   Financial and business terms

  • Sublet — Sub*let , v. t. [imp. & p. p. {Sublet}; p. pr. & vb. n. {Subletting}.] To underlet; to lease, as when a lessee leases to another person. [1913 Webster] …   The Collaborative International Dictionary of English

  • Sublet — Sub*let , v. t. [imp. & p. p. {Sublet}; p. pr. & vb. n. {Subletting}.] To underlet; to lease, as when a lessee leases to another person. [1913 Webster] …   The Collaborative International Dictionary of English

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  • sublet — ► VERB (subletting; past and past part. sublet) ▪ lease (a property) to a subtenant. ► NOUN ▪ a lease of a property by a tenant to a subtenant …   English terms dictionary

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  • sublet — sub|let [sʌbˈlet] v past tense and past participle sublet present participle subletting [I and T] to rent to someone else a property that you rent from its owner sublet sth to sb ▪ I sublet my apartment to my sister, packed my van, and headed… …   Dictionary of contemporary English

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