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- Dictionarysublease
noun
- 1. a lease of a property by a tenant to a subtenant; a sublet.
verb
- 1. another term for sublet
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May 2, 2021 · A sublease is the re-renting of property by an existing tenant to a new third party for a portion of the tenant’s existing lease contract. The sublease agreement may also be called a sublet.
A sublease is a process of renting out a property to a third party by a tenant for a time period of the lease contract of the existing tenant. Lease contracts are contracts between a tenant and the owner of the property.
Oct 23, 2016 · A sublease is a rental agreement between someone who has leased a house or apartment, and another person who wishes take over. Typically, a sublease is created when a tenant finds that he cannot continue meeting the terms of the lease as agreed.
The meaning of SUBLEASE is 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. How to use sublease in a sentence.
A sublease, by legal definition, is a contract between a tenant and a sub-tenant to rent a residential or commercial space for a defined period. In a sublease, the property owner rents to a tenant who wants to vacate the premises without breaking any lease agreements and still pay rent.
Dec 1, 2023 · Subleasing means renting out your currently leased house or apartment to someone else. Common among college students studying abroad, this approach helps cover rent for unused space. It offers a convenient solution for temporary absences, eliminating the need to terminate and later reinstate the original lease. Subleasing vs. Subletting.
A sublease is a lease between the original lessee of a property to another third party. A sublease arrangement makes the original property tenant now a landlord of sorts. In such arrangements, the lessee is still responsible to the landlord for all the rent and lease payments.
Feb 3, 2024 · Subleasing, also known as subletting, is a legal arrangement where a tenant rents out a property, or a portion of it, to another person, known as the sublessee. Essentially, the sublessee becomes a type of temporary tenant, with the original tenant acting as the sublessor or primary tenant.
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.
sublease - A lease from a tenant to a new tenant, known as a sublessee, who may either share the rental or take over, where the initial tenant remains responsible to the landlord for rent and any damages.
