Meaning of “sublease” in the English Dictionary

"sublease" in Business English

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subleasenoun [ C or U ]

uk /ˈsʌbliːs/ us 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.

subleaseverb [ I or T ]

uk /ˌsʌbˈliːs/ us 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)