underlet

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Also found in: Legal.
Related to underletting: Lease Assignment

un·der·let

 (ŭn′dər-lĕt′)
tr.v. un·der·let, un·der·let·ting, un·der·lets
To sublet.

underlet

(ˌʌndəˈlɛt)
vb (tr) , -lets, -letting or -let
1. to let for a price lower than expected or justified
2. (Law) a less common word for sublet
ˈunderˌletter n

underlet


Past participle: underlet
Gerund: underletting

Imperative
underlet
underlet
Present
I underlet
you underlet
he/she/it underlets
we underlet
you underlet
they underlet
Preterite
I underlet
you underlet
he/she/it underlet
we underlet
you underlet
they underlet
Present Continuous
I am underletting
you are underletting
he/she/it is underletting
we are underletting
you are underletting
they are underletting
Present Perfect
I have underlet
you have underlet
he/she/it has underlet
we have underlet
you have underlet
they have underlet
Past Continuous
I was underletting
you were underletting
he/she/it was underletting
we were underletting
you were underletting
they were underletting
Past Perfect
I had underlet
you had underlet
he/she/it had underlet
we had underlet
you had underlet
they had underlet
Future
I will underlet
you will underlet
he/she/it will underlet
we will underlet
you will underlet
they will underlet
Future Perfect
I will have underlet
you will have underlet
he/she/it will have underlet
we will have underlet
you will have underlet
they will have underlet
Future Continuous
I will be underletting
you will be underletting
he/she/it will be underletting
we will be underletting
you will be underletting
they will be underletting
Present Perfect Continuous
I have been underletting
you have been underletting
he/she/it has been underletting
we have been underletting
you have been underletting
they have been underletting
Future Perfect Continuous
I will have been underletting
you will have been underletting
he/she/it will have been underletting
we will have been underletting
you will have been underletting
they will have been underletting
Past Perfect Continuous
I had been underletting
you had been underletting
he/she/it had been underletting
we had been underletting
you had been underletting
they had been underletting
Conditional
I would underlet
you would underlet
he/she/it would underlet
we would underlet
you would underlet
they would underlet
Past Conditional
I would have underlet
you would have underlet
he/she/it would have underlet
we would have underlet
you would have underlet
they would have underlet
References in periodicals archive ?
The investment includes an underletting to the Post Office for 20 years from 2001 at a peppercorn rent.
LEASES of commercial property usually require the consent of the landlord for certain dealings with the property, such as an assignment of the lease or an underletting or the carrying out of certain alterations to the property.
Short-term underletting or licence arrangements allowing tenants to share a property, which in certain circumstances could be occupied for less than the full (and sometimes hopeful) market rent, are other potential tactics that could help struggling businesses focus on generating strong sales.
It would be unusual for underletting to be entirely prohibited, although there are estates which have been constructed entirely for owner occupation.
The offices are available by assignment of an existing lease or underletting at a current passing rental of Pounds 119,000 per annum.
Furthermore, the landlord agrees in the lease a timetable within which it must respond to tenant's requests for the landlord's consent, whether this be for an assignment of the lease or an underletting of the shop or for change of use.