sublease

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Related to subleased: lessee

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 ?
CBS Broadcasting subleased 23,783 square feet, taking the entire 17th floor of the building through 2010.
Overestimating its space needs because it expects to grow in the coming years, Health Plus subleased one of its two floors in the building to Motorola and real estate mortgage lender Countrywide Financial.
In March, research and engineering company Scientific Application International Corporation subleased the entire 6th floor and 8th floor in a deal that totaled 50,000 s/f.
Aon Corporation subleased 220,000 s/f from Wachovia last week at 199 Water Street, bumping the New York City Office of the Comptroller in the process.