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 [intransitive, transitive] :

• Shrewd investors have subleased their property for as much as eight times their rent.

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sublease UK US /ˈsʌbliːs/ noun [C or U] (also sublet, also underlease) PROPERTY, LAW
an arrangement by which you allow someone to rent all or part of a building that you are renting from someone else: »

There are concerns that downsizing companies might put too much office space up for sublease.

an arrangement by which someone rents all or part of a building from another person who rents it from the owner: »

The head tenant will grant subleases in consideration of a premium and a low rent.

sublease UK US /ˌsʌbˈliːs/ verb [I or T] (also sublet) PROPERTY, LAW
to allow someone to rent all or part of a building that you are renting from someone else, or to rent somewhere in this way: sublease sth from/to sth/sb »

One end is a mini-mall, with space subleased to a variety of businesses.

Financial and business terms. 2012.

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Look at other dictionaries:

  • 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… …   Law dictionary

  • 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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