Business, Legal & Accounting Glossary

Definition: Sublease

Quick Summary of Sublease

Most frequently: a sublease pertains to the renting of property by a tenant to a third party for a portion of the tenant’s existing lease contract.

What is the dictionary definition of Sublease?

Dictionary Definition

  • A lease granted from a head lease.
  • A lease on something made by someone who already leases it.

Full Definition of Sublease

A rental agreement or lease between a tenant and a new tenant (called a sublessee) who will either share the rental or take over from the first tenant. The sublessee pays rent directly to the tenant. The tenant is still completely responsible to the landlord for the rent and for any damage, including that caused by the sublessee. Most landlords prohibit subleases unless they have given prior written consent. Compare assignment.

Synonyms For Sublease

sublet, subleasing, subletting, sub lease, sub let

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Sublease. Payroll & Accounting Heaven Ltd. July 05, 2020
Chicago Manual of Style (CMS):
Sublease. Payroll & Accounting Heaven Ltd. (accessed: July 05, 2020).
American Psychological Association (APA):
Sublease. Retrieved July 05, 2020, from website:

Definition Sources

Definitions for Sublease are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd April, 2020 | 1 Views.