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 ?
For example, if the person you find to sublet fails to pay rent, the landlord can come after you to collect the unpaid rent.
While the rental and sublet market has generally been populated by companies like Craigslist and smaller regional classified companies, Bloomberg notes Airbnb believes it could leverage its existing verification and rental tools to make an impact in the market.
A PLAN to shake up how Turkish Cypriot properties are distributed is expected to be ready within three months after it was revealed this week that nine out of ten who hold such properties sublet them, often at inflated rates.
New York law presents a statutory right to sublet, provided the tenant follows to the letter, a statutory procedure.
However, where a large proportion of the flats are sublet to tenants this society can breakdown as tenants are not stakeholders in the property as with owner occupiers.
When you have economic downturns and people can't afford to stay and they can't sell, they seek consent to sublet," Siegler said.
Controls would end only when the home is sold, sublet or ownership is transferred.
Fleet optimization requires operators with long-term contracts on ultra deepwater rigs to swap or sublet time on deepwater rigs when less capable rigs can fulfill their requirements.
The sublets are really a harbinger of the weakened markets.
The downside of a leasehold transaction, in which a tenant sublets space for profit, is that it dilutes the landlord's control over tenancy and consequently, the building's identity.
Reluctance in making new financial commitments caused leasing to plummet, budget-conscious companies returning surplus space to the market forced negative absorption and higher availability, and rental rates declined as owners competed with sublets to attract the few tenants.
Today, most of the deals are still direct with only 12% of all deals in the first half of the year sublets.