101. Underlease for the whole term.

In the absence of agreement restricting his right, the tenant of property may underlet it for any period less than the residue of his own term1. An underlease by deed for a term equal to2, or greater than, the residue of the tenant's own term operates as an assignment of his term, and not as an underlease3. Consequently, in such a case, no reversion remains in the underlandlord4, although he may sue for rent covenanted to be paid5. He himself ceases by reason of the assignment to be the tenant under the lease6.

If the underlease is not made by