Definition of underlet in US English:

underlet

verbunderletting, underlets

[with object]
  • 1

    another term for sublet
    • ‘Although the Council is the freeholder of the Kingsmeadow Ground, the terms allow the lease to be assigned or underlet by the leaseholder.’
    • ‘The respondent's lease contains an unqualified covenant against underletting any part (as distinct from the whole) of the demised premises.’
    1. 1.1 Lease (land or property) at less than the true value.

Pronunciation

underlet

/ˌəndərˈlet//ˌəndərˈlɛt/