subtenant

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subtenant

a person who rents or leases property from a tenant
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
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The new subtenants during the period under review amounted to 26 per cent new subtenants; of which 46 per cent were in the warehousing activity, 35 per cent in staff accommodation activity, 14 per cent in offices activity and 5 per cent in commercial activity.
The new subtenants during the period under review amounted to 26 per cent new subtenants; of which 46 per cent were engaged in warehousing activity, 35 per cent in staff accommodation, 14 per cent were for offices and five per cent in commercial activity, it stated.
New subtenants during the period under review constitute approximately 26 per cent.
Know the Subtenant: At a minimum, landlords should request the name and address of a proposed subtenant, certified financial information for a set period of time and a copy of the proposed sublease.
For their part, subtenants get to test a market without taking on the risk of a long-term lease.
And in three of the seven there are subtenants paying rentals that are above the annual base rent for the leases.
"This modern space with its flexible, open layout is an ideal fit for the subtenant," said Dale Schlather of Cushman & Wakefield.
Wizened landlords also get the right to receive rent from subtenants in the event of any breach by the sublessor.
Hotel Elysee, a boutique hotel which serves as the home to the famous Monkey Bar, sold for $55 million to the hotel's subtenants.
160,000 square feet will become available in the building January 1, 2015 when four and half floors leased to Wells Fargo, but occupied by subtenants, come to market.
Presently 100% leased, 180,000 s/f of space across five floor will become available January l, 2015 when floors currently under lease to Wells Fargo, but occupied by subtenants, come to market.