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LSDefine

Simple English definitions for legal terms

underlease

Read a random definition: reinvestment

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

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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