term:

Sublease

sublease n

: a lease that is given by a tenant or lessee to another person of part or all of the leased premises for a shorter term than that of the original lease and under which some interest is retained compare assignment of lease at assignment
sublease vt

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.