Image for Sublease

Sublease

A sublease occurs when a tenant who is renting a property temporarily rents out all or part of that property to another person, called a subtenant. The original tenant remains responsible to the landlord for rent and property conditions, but the subtenant pays rent directly to the tenant. Essentially, it's a way for the tenant to transfer some or all of their occupancy rights to someone else for a set period, often while still maintaining their agreement with the landlord. Subleasing requires the landlord’s approval and should be documented to clarify each party’s rights and responsibilities.