sublease Hear it!

sublease Definition

sub·lease (sub′lēs′; for v. sub lēs′)

noun

a lease granted by a lessee to another person of all or part of the property

transitive verb -·leased′, -·leas′·ing

to grant, obtain, or hold a sublease of

sublease Related Forms
sub′·les·see′ (-les ē′) noun sub·les′·sor′ (sub les′ôr′, sub′les ôr′) noun
sublease Law Definition

n

A lease held by a lessee who has, in turn, leased part or all of the leased property to another sublessee; the original lease may require approval by landlord before subleasing. 
sublease Usage Examples

Object

  • part: They sublease part to the Community for which a rental is paid by the Community Council.

Converse of object

  • grant: In March 2002, Avonridge granted the subleases of a property in Wealdstone in north London in return for substantial premiums.

Modifies a noun

  • covenant: LPA 1925 should therefore be construed to make sublease covenants enforceable between a head landlord and a subtenant in these circumstances.

Noun used with modifier

  • draft: Attached to the agreement was the draft sublease, but substantial amendments had to be made to it.