an agreement in which someone who rents property from its owner then rents that property to someone else:
• The firm has obtained subleases for its excess office space.
— sublease verb [intransitive, transitive] :
• Shrewd investors have subleased their property for as much as eight times their rent.
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Ⅰ.
sublease UK US /ˈsʌbliːs/ noun [C or U] (also sublet, also underlease) PROPERTY, LAW
► an arrangement by which you allow someone to rent all or part of a building that you are renting from someone else: »
There are concerns that downsizing companies might put too much office space up for sublease.
► an arrangement by which someone rents all or part of a building from another person who rents it from the owner: »
The head tenant will grant subleases in consideration of a premium and a low rent.
Ⅱ.
sublease UK US /ˌsʌbˈliːs/ verb [I or T] (also sublet) PROPERTY, LAW
► to allow someone to rent all or part of a building that you are renting from someone else, or to rent somewhere in this way: sublease sth from/to sth/sb »
One end is a mini-mall, with space subleased to a variety of businesses.
Financial and business terms. 2012.