sublease Meaning in the Cambridge English Dictionary

Meaning of “sublease” in the English Dictionary

"sublease" in Business English

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subleasenoun [C or U]

uk   us   /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 ​downsizingcompanies might put too much ​officespace 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 ​headtenant will ​grant subleases in ​consideration of a ​premium and a ​lowrent.

subleaseverb [I or T]

uk   us   /ˌsʌbˈliːs/ (also sublet) PROPERTY, LAW
to ​allow someone to ​rent all or ​part of a ​building that you are ​renting from someone else, or to ​rent somewhere in this way: sublease sth from/to sth/sb One end is a mini-mall, with ​space subleased to a ​variety of ​businesses.
(Definition of sublease from the Cambridge Business English Dictionary © Cambridge University Press)
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