underlet

The landlord decided to underlet the apartment to a student.

Definition

1. Verb:
   • To lease at a lower price: "underlet" means to rent out a property at a price lower than its market value or below the cost of the original lease.
   • To sublet: "underlet" can also mean to lease a property that one has already rented to another person, often for a portion of the original term.

Usage Examples

• (To rent out at a very low price.)
• (To sublet her apartment to someone else.)

Advanced Usage

• "to underlet at a loss": to lease a property for less than the cost of maintaining it.
  • The company underlet the office space at a loss just to avoid leaving it empty. (They rented it out for less than they paid for it.)

Variants and Related Words

• Underletting (n): the act of leasing a property at a reduced price or subletting.

  • The underletting of the warehouse caused financial difficulties for the owner. (The act of renting it out cheaply.)

• Underlessee (n): a person who rents a property from someone who is themselves a tenant.

  • The underlessee paid the rent directly to the original tenant. (The person who sublets.)

Synonyms

• Sublease: to rent out a property that one has leased to another.
• Sublet: to lease a property from a tenant to a third party.

Phrasal Verbs

• Underlet to: to lease a property to someone at a reduced rate.
  • They underlet the shop to a new baker for a very low rent. (They rented it out cheaply.)

Related Idioms

• Let at a discount: to rent out for less than the full price.
  • The warehouse was underlet at a discount because it needed repairs. (Rented out cheaply.)