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Sublessee
Sublessee A person or identity to whom the rights of use and occupancy under a lease have been conveyed, while the original lessee retains primary responsibility for the obligations of the lease.
RELATED TERMS--------------------------------------
Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
Lessee
An individual (i.e., tenant) to whom property is rented under a lease.
SIMILAR TERMS--------------------------------------
Sublease
A lease given by a lessee for a portion of the leasehold interest, while the lessee retains some reversionary interest.
Sublet
The partial transfer of a tenant's right in a rental property to a third party.
Subletting
The leasing of space from one tenant to another tenant.
PREVIOUS AND NEXT TERMS--------------------------------------
Sub-flooring
The sheathing, usually made of plywood, placed on top of floor joists and covered by flooring.
Subjacent support
The right of land to be supported by land which lies beneath it.
Subject property
A reference to the real property under discussion, or the real property under appraisal.
Subject to
The recognition by a buyer of conditions (such as a prior loan), which are not the buyer's legal responsibility.
Sublease
A lease given by a lessee for a portion of the leasehold interest, while the lessee retains some reversionary interest.
Sublessee
Sublet
The partial transfer of a tenant's right in a rental property to a third party.
Subletting
The leasing of space from one tenant to another tenant.
Subordinate
To place in a rank of lesser importance or to make one claim secondary to another.
Subordinate financing
Any mortgage or other lien that has a priority that is lower than that of the first mortgage.
Subordinate loan
A mortgage whose priority is below that of another mortgage.
This dictionary contains 6433 terms. |
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