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sublease
(redirected from Sub-tenant)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.
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Hiro Iwata represented both the sublandlord and sub-tenant.
Okada & Company by Real Estate Weekly
In other words, if the original tenant sub-leases his/her property without the landlord's express written consent, then the original tenant risks the landlord terminating the lease, which in turn would mean that the sub-tenant loses his premises as well.
In the hotseat by The Week (Muscat, Oman)
re signing a lease as a sub-tenant, then the head tenant, or landlord, is entitled to ask for a bond payment based on your weekly rent amount.
A Quick Overview of Bonds for Renters by Johan Kriegbaum / Finance and Investment community
 
 
 
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