As verbs the difference between underlet and sublease
is that underlet is to let below the value while sublease is to lease something that is already leased; to sublet.
As a noun sublease is
a lease on something made by someone who already leases it.
underlet
English
Verb
To let below the value.
To let or lease at second hand; to sublet.
sublease
English
Noun
(
en noun)
A lease on something made by someone who already leases it.
Synonyms
* underlease
Verb
(subleas)
To lease something that is already leased; to sublet.