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 ?
This arrangement may be acceptable for liability insurance; however, there is no need for the Sublandlord and the Subtenant to both insure the subleased space in the event of a casualty.
Research and engineering company Scientific Application International Corporation subleased 50,000 s/f of space in 132 West 31st Street from HIP in March 2006.
Among the handful of tenants that came to the building was First New York Securities LLC, a stock-trading firm that subleased the entire fifth floor for rents in the low $50s per s/f.
The landlord had entered into a lease with Michael Mims, a former Director of the Company, who subsequently subleased the premises to the Company.
The law firm subleased 23,783 s/f to CBS Broadcasting Inc.
In addition to the 222,271 square feet, the Company has subleased an additional 9,457 square feet of the Citadel Investment Group, LLC premises at One North Wacker Drive.