How to use underlease in a sentence? Find typical usage patterns (collocations)/phrases/context for "underlease" and check conjugation/comparative form for "underlease". Mastering all the usages of "underlease" from sentence examples published by news publications.
Meanwhile Mars has granted an underlease of the Newforge site to Morrisons.
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An underlease allows the undertenant to occupy for a shorter period of time.
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Cllr Anderson said the extended underlease will make running the theatre more attractive.
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By the underlease, the corporation covenanted to repair the interior of the demised premises.
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As a matter of form, identical rent review provisions are contained in the underlease as in the lease.
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Sub-letting occurs when the tenant grants an underlease out of the tenant's own lease with the landlord.
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The council's cabinet agreed to take out a 25-year underlease from the leisure centre's operators, gaming giants Genting Stanley.
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The tenure will be available on a new underlease at pounds 16 per sq ft for a period to be agreed.
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The underlease contained various covenants by Mr Walker and Mr Mittee not to deal in any way with the reversion to the lease.
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No one on either side considered that the grant of the underlease would in any way impact on the exercise of the break clause.
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The subtenant may also grant a further lease of the same premises to an undertenant, as long as the underlease is for a shorter period than the sublease.
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Wellcome Trust acquired Premier Marinas Limited ("PML") from the BlackRock UK Property Fund ("BlackRock") in 2015, for an undisclosed amount. Amongst previous owners, Brunswick Developments Group plc owned the head lease of Brighton Marina. The marine operations are leased to Premier Marinas. The underlease for the commercial activities was purchased by X-Leisure from Parkridge Developments in August 2004 for £65m.
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Andrew Knowles and Sons bought the underlease in 1852. The company developed the colliery by sinking new shafts on the east side of the canal in 1857 to access the Rams mine at 1,545 feet and the shafts on the west side of the canal were abandoned. As the coal was worked from coal seams that dipped at 1-in-3, Pendleton became the deepest coal mine in the country when the workings reached 3,600 feet where the temperature at the coal face reached 100 degrees Fahrenheit. Andrew Knowles and Sons relined the upcast shaft in 1872 reducing its diameter to 7 feet 2 inches, giving Pendleton the record for the narrowest shaft.
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