Underlease

Definitions

  • Webster's Revised Unabridged Dictionary
    • n Underlease (Law) A lease granted by a tenant or lessee; especially, a lease granted by one who is himself a lessee for years, for any fewer or less number of years than he himself holds; a sublease.
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Century Dictionary and Cyclopedia
    • n underlease In law, a lease granted by a lessee for a shorter term than he himself holds, leaving thereby a reversion, of however short duration, to himself. An under-lease of only part of the premises embraced in the original lease is commonly called a sublease.
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Chambers's Twentieth Century Dictionary
    • n Underlease un′dėr-lēs a lease granted by a lessee for a shorter period than that covered by his own lease.
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