sublease
noun[CorU]
PROPERTY,LAWuk/ˈsʌbliːs/us(alsosublet);(also underlease)anarrangementby which youallowsomeone torentall orpartof abuildingthat you arerentingfrom someoneelse:
There areconcernsthatdownsizingcompaniesmight put too muchofficespaceup for sublease.
anarrangementby which someonerentsall orpartof abuildingfrom anotherpersonwhorentsit from theowner:
Theheadtenantwillgrantsubleases inconsiderationof apremiumand alowrent.
sublease
verb[IorT]
PROPERTY,LAWuk/ˌsʌbˈliːs/us(alsosublet)toallowsomeone torentall orpartof abuildingthat you arerentingfrom someoneelse, or torentsomewherein this way:
sublease sth from/to sth/sbOne end is a mini-mall, withspacesubleased to avarietyofbusinesses.