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English definition of “sublease”

sublease

noun [C or U]
 
 
/ˈsʌbliːs/ ( also sublet, also underlease) PROPERTY, LAW
an arrangement by which you allow someone to rent all or part of a building that you are renting from someone else: There are concerns that downsizing companies might put too much office space up for sublease.
an arrangement by which someone rents all or part of a building from another person who rents it from the owner: The head tenant will grant subleases in consideration of a premium and a low rent.
(Definition of sublease noun from the Cambridge Business English Dictionary © Cambridge University Press)
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