sublease

sublease, n. A lease by a lessee to a third party, conveying some or all of the leased property for a shorter term than that of the lessee, who retains a reversion in the lease. — Also termed subtenancy; derivative lease; and (esp. in England) underlease. [Cases: Landlord and Tenant 80. C.J.S. Landlord and Tenant § 46.] — sublease, sublet, vb.
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