Words / U / Business

underlet

verb/ˌʌndəˈlɛt/

C2CEFR level
90/100Rarity: very rare
TechnicalRegister

To grant a lease of premises that one already holds under a superior lease.

The tenant sought consent to underlet the surplus floors it no longer needed.

Similar: sublet

Topic: Real estate & property in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Real estate & property