Under Lease
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
An alienation by a tenant of a part of his lease, reserving to himself a reversion. It differs from an "assignment," which is a transfer of all the tenant's interest in the lease.
3 Wils. 234; W. Bl. 766.
And even a conveyance of the whole estate by the lessee, reserving to himself the rent, with a power of re-entry for nonpayment, was held to be not an assignment, but an under lease.
Strange, 405.
In Ohio it has been decided that the transfer of a part only of the lands, though for the whole term, is an under lease.
2 Ohio, 216.
In Kentucky, such a transfer, on the contrary, is considered as an assignment.
4 Bibb (Ky.) 538.
See "Lease."
See Lease.