Definition, Meaning & Synonyms
sublease
noun
/ˈsʌbliːs/
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Definition
A legal agreement in which a tenant leases a property to another individual for a portion of their lease term.
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Examples
- After securing a job in another city, she decided to sublease her apartment.
- The tenant found someone to sublease the apartment while they were away for the summer.
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Meaning
A sublease allows the original tenant to rent out the leased property to a third party while still being bound to the terms of the original lease with the landlord.
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Synonyms
- sublet
- lease transfer
- secondary lease