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Definition of Underlease
1. 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.
2. 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.
Definition of Underlease
1. Noun. (legal) A lease granted by a tenant or lessee; a sublease. ¹
¹ Source: wiktionary.com