underlease


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Related to underlease: sublease, lessee

underlease

n
a sublet
vb
(tr) to rent out by a sublet
References in periodicals archive ?
This disposal, which is conditional upon FCA approval and landlord's consent to the granting of an underlease, will enable Charles Stanley to focus on its wealth investment management activities whilst enabling EBS to become part of a group that specialises in SIPP and SSAS pension administration.
Under the respective underlease that a CBS signed with its members, CBS members have the right to use the flats but do not possess the legal titles to them.
The letter reads: "The request from you as underlessee and prospective assignee to vary the terms of the underlease so that a rent passes between the head lessee and the underlessee is within the discretion of the Council to consent to or not as it would vary the protection for Coventry Rugby Limited previously secured.
The council's cabinet agreed to take out a 25-year underlease from the leisure centre's operators, gaming giants Genting Stanley.
Cllr Anderson said the extended underlease will make running the theatre more attractive.
If you are a landlord granting a new lease, an owner selling your property or a tenant granting an underlease or transferring your lease to a third party, you must provide an energy performance certificate to the other party to the transaction.
Sub-letting occurs when the tenant grants an underlease out of the tenant's own lease with the landlord.
He was required to issue an underlease to the Rugby Club, securing its future - the sole reason the council issued the original lease.
ENJOYING a prime position and offering 452 sq ft, this first floor suite of offices in Leamington town centre is available to let on a new underlease.
The tenure will be available on a new underlease at pounds 16 per sq ft for a period to be agreed.
Meanwhile Mars has granted an underlease of the Newforge site to Morrisons.
NEWLY refurbished, these spacious showroom premises in Coventry city centre are available to let on an underlease.