Sublease Meaning: Definition, Examples, and Translations

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sublease

[ˈsʌbliːs ]

Definitions

Context #1 | Noun

real estate

A sublease is a legal contract between the original tenant and a new tenant, allowing the new tenant to rent the property from the original tenant. The original tenant remains responsible for the lease agreement with the landlord.

Synonyms

subletting.

Examples of usage

  • The tenant decided to sublease the apartment to a friend for the remaining months of the lease.
  • The sublease agreement stated that the new tenant would pay rent directly to the original tenant.
Context #2 | Verb

real estate

To sublease means to lease property to a subtenant while still holding the original lease with the landlord. This allows the tenant to rent out the property they are leasing.

Synonyms

sublet.

Examples of usage

  • The tenant had to sublease the apartment because they were moving to another city.
  • She subleased her office space to a small startup company.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Legal Aspects

  • Most property leases include specific clauses regarding subleasing, which can vary widely from one landlord's requirements to another's.
  • In many jurisdictions, even if a tenant subleases, they remain responsible for the original lease obligations to the landlord.

Cultural Significance

  • Subleasing is increasingly popular in urban areas where short-term housing solutions are in high demand, particularly for students and young professionals.
  • The rise of online platforms has made subleasing easier and more common, with services allowing individuals to list and find sublease opportunities.

Economic Impact

  • Subleasing can relieve financial pressure on the original tenant, allowing them to cover rent costs during times when they may not occupy the space themselves.
  • In times of economic uncertainty, subleasing can provide flexible housing solutions for those who need temporary accommodations.

Housing Trends

  • The trend of co-living spaces, where multiple individuals share a rental, often involves subleasing to fill vacancies quickly and affordably.
  • As remote work rises, many people opt for subleasing to maintain flexibility in where they live while pursuing job opportunities elsewhere.

Origin of 'sublease'

Main points about word origin

  • The word 'sublease' comes from the prefix 'sub-', meaning under or below, combined with 'lease', which refers to a contract for renting.
  • In legal terms, subleasing has roots in French and English translations of leasing agreements dating back to the 13th century.

The term 'sublease' originated from the combination of 'sub-' meaning under or below, and 'lease,' which refers to a contract granting use or occupation of property during a specified period. Subleasing has been a common practice in real estate for many years, allowing tenants to manage their rental agreements more flexibly.


See also: lease, leaseholder, leasing.

Word Frequency Rank

At rank #28,200, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.