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underlet

Syllabification: un·der·let
Pronunciation: /ˌəndərˈlet
 
/

Definition of underlet in English:

verb

[with object] (underlets, underletting; past and past participle underlet)
1 another term for sublet.
Example sentences
  • The respondent's lease contains an unqualified covenant against underletting any part (as distinct from the whole) of the demised premises.
  • Although the Council is the freeholder of the Kingsmeadow Ground, the terms allow the lease to be assigned or underlet by the leaseholder.
1.1Lease (land or property) at less than the true value.

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