Definition of underlease

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Underlease (n.) A lease granted by a tenant or lessee; especially, a lease granted by one who is himself a lessee for years, for any fewer or less number of years than he himself holds; a sublease..

Lern More About Underlease

Sublessee :: Sublease (n.) A lease by a tenant or lessee to another person; an underlease.
Underlease :: Underlease (n.) A lease granted by a tenant or lessee; especially, a lease granted by one who is himself a lessee for years, for any fewer or less number of years than he himself holds; a sublease..
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