"head lease" is correct and usable in written English.
You can use "head lease" when referring to a type of lease agreement in which the tenant (or lessee) has the right to sublet the property to another tenant. For example: "The tenant was able to sublet the property due to the terms of the head lease."
In August 1914, William Boosey, who owned the head lease on the Queen's Hall, had given Speyer notice to quit, denounced him in the national press as a "highly placed spy" and unleashed a prolonged and unscrupulous campaign against him, in consequence of which Speyer took refuge in the US in May 1915.
The joint venture will also purchase a 25% interest in the Whitgift Centre, following completion of Hammerson's conditional acquisition agreement with Royal London, which had a 155-year head lease on it.
However, BankWest retained the head lease over the building, and in 2000 the Bank occupied around 20 floors in the building.
The buildings are let to the Covent Garden Area Trust, who pay an annual peppercorn rent of one red apple and a posy of flowers for each head lease, and the Trust protects the property from being redeveloped.
The market halls and several other buildings in Covent Garden were bought by CapCo in partnership with GE Real Estate in August 2006 for £421 million, on a 150-year head lease.
As the head of leasing explains: "You have a group of retailers unequalled in the UK, so people want to put on a pretty good show.
He was appointed director of leasing for Trinity in 2002, and except for a nine-month hiatus in 2004, when he became the head of leasing for W & M Properties in Westchester and Fairfield County, he has stayed put.
"Over the past year, the market has gotten stronger, stronger and stronger," said Daria Salusbury, the national head of leasing for Related, which owns and operates 18 buildings in New York City with a total of 5,000 tenants.
He has a set of neatly formulated and intensely practical problems, which the reader fearfully apprehends are about to come to a head: the tiny lease on his flat is rapidly expiring, and his heart is beginning to fail.
In early 1941, after his scouting trip to England persuaded Roosevelt to make him the de facto head of lend-lease, Hopkins immediately enlisted his old croquet buddy to expedite the mobilization operation.
But before you start interviewing potential head chefs and leasing some primo real estate, you have to make a choice between content and cuisine.
