sublease
IPA: sˈʌbɫis
noun
- (property law) A lease sublet by a tenant or lessee to a subtenant.
verb
- (property law, informal) Synonym of sublet.
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Examples of "sublease" in Sentences
- If the lessor permits the lessee for subleasing, he may sublease it.
- This company may then sublease parts of the building to other people.
- If they cannot sublease the machine, the opportunity cost would be zero.
- A sublease can also apply to vehicles as an alternate type of car rental.
- The sublease offer comes as Playboy's directors are weighing a proposal from founder and majority owner Hugh Hefner to take the company private.
- Playboy Enterprises Inc. has put its Lake Shore Drive headquarters space up for sublease, a step likely to rekindle talk that Chicago could lose a ...
- & Co. and Lehman Brothers Holdings Inc. have put huge chunks of office space on the so-called sublease market, which adds to supply and depresses prices.
- That has pushed the so-called sublease space available up to 1.8 million square feet in the second quarter from about one-third that amount a year earlier.
- Playboy Enterprises Inc. has put its Lake Shore Drive headquarters space up for sublease, a step likely to rekindle talk that Chicago could lose a corporate headquarters.
- The report shows 215,000 square feet of office space available for sublease, which is low compared to a peak of 700,000 square feet of sublease space in 2002, shortly after an economic downturn in 2001.
- The amount of sublease space in a market can affect the extent to which landlords can push up rents, because their "direct" space is competing with short-term sublease space that is often much cheaper, and tenants have more bargaining power.
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