Definition of sublease in English:

sublease

noun

  • A lease of a property by a tenant to a subtenant; a sublet.

    • ‘His affidavit then goes on to state that Glenview entered into sublease agreements with three tenants.’
    • ‘By this means, the Head Lease and the sublease were terminated as of January 31, 2003 instead of August 30, 2005 as originally provided in the Head Lease.’
    • ‘The case turns entirely on the sublease itself, and any inferences that may properly be drawn from it.’
    • ‘Q. Do you ever have to send him things, like send him copies of the lease that you just got signed up, or sublease that you got signed up?’
    • ‘Rent expense and sublease income under the existing lease are as follows.’
    • ‘Rent expense and sublease income under the leases are as follows.’
    • ‘In January, Amazon laid off 1,300 people, closed one of its warehouses, and put some of its new office space in the Union Station complex up for sublease.’
    • ‘Upon the move, he said that the existing Center Point space would be available for sublease through 2008.’
    • ‘It was argued that the benefit of the subleases was the only value properly attributable to the lease.’
    • ‘Edward Smith observed that the head lease / sublease arrangements in the franchising model permitted a franchisor to ‘gain some advantage in any possible dispute with the franchisee’.’
    • ‘You will also recall that the head lease and both subleases contain covenants against using the property for business purposes and to keep the premises in good repair.’
    • ‘The agent has administered this property and entered into several subleases with numerous third parties.’
    • ‘In any case, even with a sublease, Zellers remains bound on the covenant in the lease.’
    • ‘Meanwhile, sublease space continued to be a drag on Southeastern commercial real estate markets.’
    • ‘Frequently, a Turk would rent the house and sublease rooms to his fellow countrymen.’
    • ‘Owners are also having to offer concessions just to compete with discounted sublease space that has recently begun to flood the market, says Steve Mulhern, vice president and regional manager for CMD Realty in Denver.’
    • ‘That was contrary to their other findings which were not only correct but unarguable, namely that the contract and sublease were not mutually interdependent.’
    • ‘Future minimum lease payments under these agreements, net of minimum sublease receipts from GIT, are as follows.’

verb

  • another term for sublet
    • ‘Renters who are allowed to sublease their low-rent apartments can profit from the high cost of housing in the San Francisco area.’
    • ‘The potential for subleasing equipment, unlike fixed assets such as office space, is very limited.’
    • ‘He agreed that he read and understood the sublease and the ‘Consent to Sublease.’’
    • ‘Salt merchants were able to enter and exit the business by buying, selling, leasing, or subleasing their salt certificate.’
    • ‘The sublease was to be a month-to-month tenancy, terminable by either party on sixty days notice.’
    • ‘She in turn subleased the land to the second and third respondents.’
    • ‘They subleased the right to collect taxes in dioceses, parishes, towns, and neighborhoods, which were commonly further divided into separate subleases for wine, fish, and meat.’
    • ‘The scope of the landlord's liability is circumscribed by the class of persons seeking to lease or sublease the premises.’
    • ‘She subleased part of the land to Mr Reid for the sand and soil yard.’
    • ‘So Roberts subleased some space in another building within the same development.’
    • ‘Saturday we had lunch with our landlords, who are actually friends from whom we sublease our apartment, to discuss the schedule of the imminent sale of the place.’
    • ‘This seems to be something of a trend, in which a chains of stores requiring a large floor area are subleasing parts of their stores to chains of stores drink) requiring smaller floor areas.’
    • ‘The new owners tried to defray some of the overhead by subleasing parts of the store.’
    • ‘The plaintiff requested that if the defendant subleased a part of the tower to another telecommunication company the plaintiff would receive a further annual rent of $4,000.’
    • ‘After subleasing their apartment, the Ricardos find themselves living with the Mertzes when Ricky's gig out of town is suddenly cancelled.’
    • ‘The network wants to sublease 17,000 square feet of studio space from a television production company in a K Street office building.’
    • ‘However, the question also arises of whether he has any standing to enforce covenants in the sublease (to which he is not a party) against the subtenant.’
    • ‘In theory a lease with 17 ½ years to run could have a capital value in August 1995 in addition to the value of the rents from the short term subleases.’
    • ‘For instance, one tenant in Silicon Valley needed to sublease 200,000 square feet of its space.’
    • ‘He subleased a small commercial kitchen and found customers mostly by word of mouth.’