Subrogation

In real estate and legal practice, subrogation is the substitution of one person or entity for another with respect to a legal right or obligation. The party stepping into the position of another acquires the same rights and remedies that the original party possessed....

Subordinate

In real estate and legal usage, subordinate means to make one interest subject to, or lower in priority than, another interest. A subordinate interest is junior or inferior in rank. Subordination commonly applies to liens, mortgages, or lease interests. When an...

Sublease

In real estate law, a sublease is a lease agreement in which the tenant under an existing lease, known as the lessee, becomes the lessor to another party. The original lessee leases all or part of the property to a subtenant. Under a sublease, the original lease...

Subdivision

In real estate and land development, a subdivision is the division of a single parcel of land into smaller parcels or lots. This process is typically carried out by preparing and filing a map that shows the proposed division. Creating a subdivision requires approval...

Subcontractor

In real estate and construction, a subcontractor is a contractor who performs specialized work under a general contractor. Subcontractors are typically responsible for specific trades such as electrical, plumbing, cement, or other skilled services. The subcontractor’s...