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Simple English definitions for legal terms
underlessor
Read a random definition: conventional obligation
A quick definition of underlessor:
Term: UNDERLESSOR
Definition: Underlessor means the same thing as sublessor. A sublessor is someone who rents out a property to another person, who then becomes the sublessee. The underlessor is the original landlord or property owner who allows the sublessor to rent out the property to someone else.
A more thorough explanation:
Definition: Underlessor is a term used to refer to a sublessor. It means a person or entity who leases a property to a sublessee, who in turn subleases the property to another person or entity.
Example: John leased an apartment from Jane and then subleased it to his friend, Mike. In this scenario, Jane is the original lessor, John is the sublessee, and Mike is the sublessee's sublessee or underlessor.
Explanation: The example illustrates the concept of underlessor, where Mike is the underlessor because he subleased the property from the sublessee, John. The term underlessor is used interchangeably with sublessor, and it is essential to understand the roles of each party in a subleasing agreement.