sublease


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sublease

A lease by a tenant to a subtenant of part or all of the premises leased by him, for part or all of the term of his lease.
References in periodicals archive ?
A team led by David Carlos, along with Kurt Hands chumacher and David Dwight, represented KBRA in its relocation to 95,000 s/f at 805 Third Avenue and subsequently marketed KBRA's 845 Third Avenue space for sublease.
Because in most cases you are subleasing excess space from another company -- a company that may be further along in its life cycle than your start-up, and that has excess space, and is willing to sublease the space for a cost that is less than the market rent that you would pay if you enter into a direct lease with a landlord.
Review your lease: Take a careful look at the sublease and assignment provisions in your existing lease.
entered into a sublease agreement, in which Value Line will lease approximately 44,493 square feet of office space located at 485 Lexington Ave., New York, NY.
The amount of sublease space available has declined, the research shows, as 21 percent of all space on the market in the first half of 2011 was available for sublease, compared to 30 percent in 2009.
Know the Subtenant: At a minimum, landlords should request the name and address of a proposed subtenant, certified financial information for a set period of time and a copy of the proposed sublease. The lease may also contain a more detailed list of required information to help evaluate whether a subtenant is suitable.
The vast majority of available sublease space along the Wasatch Front today was once occupied by national credit tenants who are still honoring their lease agreements.
The sublease requires FM to make fixed, annual rental payments over both the primary term and (if exercised) the put renewal term.
JLL was tapped by Meredith in February 2018 to sublease a 190,000 square feet of its space on the 22nd through the 29th floors at 805 Third Avenue.
The beauty of a sublease situation that eventually involves lease termination is that it isn't really a gambling venture.
According to Studley's Insights report, "Subleases Popular Amid NYC Tech Boom," authored by its chief economist Heidi Learner and research colleague Chris Volney, the focus on sublease space by technology firms is creating unexpected opportunities for tenants across all industries while impeding demand for the direct office space controlled by many of Manhattan's largest landlords.
The space that ABN Amro put up for sublease at 7 World Trade Center might be taken soon, sources told the Post.