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 ?
The court made a point that "a lessor or sublessor who allows property under his control to be used by another in a manner which endangers third parties or which creates a nuisance, is, along with the lessee or sublessee, liable for the harm.
11) In situations involving the subletting of property, the applicable nonbankruptcy law provision suggests that, when a bankrupt lessee or sublessor rejects the original lease, the sublessee of the original lease should also have the right to remain on the premises as permitted by "applicable nonbankruptcy law.
In Ohio, any person who contracts for an improvement to real property which gives rise to lien rights under a private improvement is presumed to be the authorized agent of all part owners of the real property, except when the relationship between the person contracting for the improvement and the other part owners is that of lessee and lessor or sublessee and sublessor.
As the sublessee, you want to have the ability to stay in the space should the sublessor go out of business or move.
violated a state law prohibiting the use of campaign funds to pay rent where the lessee or sublessor is the candidate.
The term "private entity" includes not only the owner, but can also include the lessee, the sublessor, and the operator of the business.
In that time, the sublessor will have long since decided to rent some other space:'
John Maher and Alex Benisatto, of CBRE, represented the sublessor, Deep Focus.
Subleasing space has several advantages for the sublessor and tenant, although there are potential risks as well.
The sublessor retains responsibility for the lease and its obligations.