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Subletting
Subletting The leasing of space from one tenant to another tenant.
RELATED TERMS--------------------------------------
Tenant
Any person in possession of real property with the permission of the owner.
SIMILAR TERMS--------------------------------------
Sublease
A lease given by a lessee for a portion of the leasehold interest, while the lessee retains some reversionary interest.
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.
Sublet
The partial transfer of a tenant's right in a rental property to a third party.
PREVIOUS AND NEXT TERMS--------------------------------------
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
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.
Sublet
The partial transfer of a tenant's right in a rental property to a third party.
Subletting
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.
Subordinated classes
With regard to CMBS, describes those classes with the lowest priority to receive payments from the underlying mortgage loans.
Subordination
The process of sharing the risk of credit losses disproportionately among two or more classes of securities.
This dictionary contains 6433 terms. |
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