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.
Subleasing your home or apartment may seem like the easiest way to go.
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.
Music licensing company Broadcast Music is reportedly subleasing 58,000 square feet of ABN's 140,000-square-foot space, which the bank rented but never moved in to.
Landlords get to know subleasing companies as building occupants, but without a formal agreement.
In early November, AllianceBernstein announced that it would be subleasing about 300,000 s/and shuffling its portfolio of space in the city and White Plains.