sublease

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Related to Sub-tenant: sublease

sublease

The relationship created when a tenant rents some or all of its premises to another for some or all of the remaining term of the original tenant's lease. Technically, if the tenant transfers all of its interest, that is an assignment. If the tenant retains some of the space, or some of the time under the lease, that is a sublease. At all times, the tenant remains liable under its lease with the building owner.

References in periodicals archive ?
However, if you find that you are a sub-tenant of an unregistered sub-lease, your direct landlord (the original tenant) may possibly be in breach of his/her own original lease, and also in default of payment of municipal fees.
Like other incubators, Quantum Crossroads(TM) will offer space to sub-tenant companies via leases and site licenses, while also offering conference, meeting and training facilities to both subtenants and non-subtenants.
According to Taubin, he urged his client to begin evaluating the firm's options early-on not only because of the tightening market, but also because Mason, as a sub-tenant, did not have rights within the sublease to stay-put if desired.
Grumbacher and to assist them in finding a sub-tenant," McCuen said.
Kevin Murphy of Cushman & Wakefield represented the sub-tenant in this transaction.
Arch Chemicals, a spin-off of The Olin Corporation, has been a sub-tenant at Merritt 7 for more than 10 years.
David Lebenstein and Michael Rudder of Time Equities represented the sub-tenant in the transaction, while Jeff Zund of Kenneth Zund Realty Associates represented the sub-landlord.