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 ?
Subleasing can present the right opportunity for your company, and real estate brokers get a commission just like in a lease, and there is usually a letter of intent that sets out the general terms of the sublease, just as in a lease.
Learner explains that the rise in tech subleasing has resulted in benefits to large corporate tenants who have chosen to offload a portion of their space rather than to commercial landlords, who normally would be the beneficiaries of such growth.
Subleasing your home or apartment may seem like the easiest way to go.
According to a release published by the leasing market database company Costar, AllianceBernstein said that it would take $90 million in write-downs related to subleasing the space, most of it at 135 West 50th, a calculation of the difference between what it will pay in rent over the life of the lease, which stretches until 2029, and estimates of the current market value of the space.
While a lease may contain wording prohibiting a tenant from subleasing to certain groups such as to existing tenants or government entities, many of these caveats are unenforceable.
Before entering into any subleasing arrangements, retailers should be aware of some of the basic issues arising in these types of transactions.