underlease in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Underlease: A rental agreement in which a tenant leases property to another party while retaining their original lease with the landlord.
Sample Sentences
- The tenant decided to underlease the extra office space to a startup.
- Before finalizing the contract, she reviewed the terms of the underlease carefully.
- The landlord prohibited any underlease without prior written consent.
- He found that the underlease arrangement benefited both parties in the long run.
- Negotiating the underlease terms took longer than expected due to complicated clauses.