Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

underlease

Read a random definition: collaborative divorce

A quick definition of underlease:

An underlease is when a person who is renting a property leases it to someone else for a shorter period of time than their own lease. The original renter still owns the lease and will get the property back when the underlease ends. The person who is subleasing the property is called a sublessee or subtenant, and the original renter is called a sublessor or underlessor.

A more thorough explanation:

An underlease is a type of lease agreement where a lessee (the original tenant) leases some or all of the leased property to a third party for a shorter term than their own lease. The lessee retains a reversion in the lease, meaning they still have some rights to the property. This is also known as a sublease.

  • John leases an apartment from the landlord for a year. After six months, he decides to move out but still has six months left on his lease. He finds a friend, Sarah, who agrees to rent the apartment from him for the remaining six months. John is now the sublessor and Sarah is the sublessee.
  • ABC Company leases a warehouse from the landlord for five years. After two years, they realize they don't need the entire space and decide to sublease a portion of it to another company, XYZ Inc., for the remaining three years. ABC Company is now the sublessor and XYZ Inc. is the sublessee.

These examples illustrate how a lessee can lease some or all of their leased property to a third party for a shorter term. The original lessee still has some rights to the property, but the sublessee also has certain rights as outlined in the sublease agreement.

underinsured-motorist coverage | underlessor

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
LSD+ is ad-free, with DMs, discounts, case briefs & more.