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 assignmentsublease vt
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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. Amy Hackney Blackwell. 2008.
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: assignCategory: Real Estate & Rental Property → Renters' & Tenants' Rights
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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.
Law dictionary. EdwART. 2013.
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