sublease

sublease
sub·lease /'səb-ˌlēs/ n: a lease that is given by a tenant or lessee to another person of part or all of the leased premises for a shorter term than that of the original lease and under which some interest is retained compare assignment of lease at assignment
sublease vt

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

sublease
I verb allow the use of, demise, grant a demise, grant a lease, hire, let out, make available for rent, rent, rent out, sublet, subrent, underlet II index rent, sublet

Burton's Legal Thesaurus. . 2006


sublease
n.
A lease of property to a third person by a person who is already leasing it; the original lessee remains responsible for the original lease.
v.
sublet

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


sublease
A rental agreement or lease between a tenant and a new tenant (called a subtenant or sublessee) who will either share the rental or take over from the first tenant. The sublessee pays rent directly to the tenant. The tenant is still completely responsible to the landlord for the rent and for any damage, including that caused by the sublessee. Most landlords prohibit subleases unless they have given prior written consent. Compare: assign
Category: Real Estate & Rental Property → Renters' & Tenants' Rights

Nolo’s Plain-English Law Dictionary. . 2009.

sublease
n.
   the lease to another 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 also: lease, rent

Law dictionary. . 2013.

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Look at other dictionaries:

  • sublease — sub‧lease [ˈsʌb liːs ǁ sʌbˈliːs] noun [countable] PROPERTY an agreement in which someone who rents property from its owner then rents that property to someone else: • The firm has obtained subleases for its excess office space. sublease verb… …   Financial and business terms

  • sublease — [sub′lēs΄; ] for v. [ sub lēs′] n. a lease granted by a lessee to another person of all or part of the property vt. subleased, subleasing to grant, obtain, or hold a sublease of sublessee [sub΄les ē′] n. sublessor [sub les′ôr΄, sub΄les ôr′] n …   English World dictionary

  • Sublease — Sub lease , n. (Law) A lease by a tenant or lessee to another person; an underlease. Bouvier. [1913 Webster] …   The Collaborative International Dictionary of English

  • sublease — 1826 (n.); 1830s (v.); from SUB (Cf. sub ) + LEASE (Cf. lease). Related: Subleased; subleasing …   Etymology dictionary

  • sublease — UK [ˈsʌbˌliːs] / US [ˈsʌbˌlɪs] noun [countable] Word forms sublease : singular sublease plural subleases a contract that allows someone to rent a flat, house, or office from a person who is renting it from someone else Derived word: sublease UK… …   English dictionary

  • Sublease — A real property rental agreement between an original tenant and a new tenant. The most common type of lease arrangement is between the landlord who owns the property and a tenant. If that tenant finds him or herself unable to continue meeting the …   Investment dictionary

  • Sublease — In real estate law, sublease (or, less formally,sublet) is the name given to an arrangement in which the lessee in a lease assigns the lease to a third party, thereby making the old lessee the sublessor, and the new lessee the sublessee, or… …   Wikipedia

  • sublease — sub•lease n. [[t]ˈsʌbˌlis[/t]] v. [[t]sʌbˈlis[/t]] n. v. leased, leas•ing 1) law a lease granted to another person by the lessee of a property 2) law to grant a sublease of 3) law to take or hold a sublease of 4) law to grant or hold a sublease;… …   From formal English to slang

  • sublease — sublessee /sub le see /, n. sublessor /sub les awr, sub le sawr /, n. n. /sub lees /; v. /sub lees /, n., v., subleased, subleasing. n. 1. a lease granted by one who is already a lessee of a property, as an apartment. v.t. 2. to grant a sublease… …   Universalium

  • sublease — I. noun Date: 1826 a lease by a tenant or lessee of part or all of leased premises to another person but with the original tenant retaining some right or interest under the original lease II. transitive verb Date: circa 1843 to make or obtain a… …   New Collegiate Dictionary

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