Subleasing
Subleasing is when a tenant who has rented a property (the original tenant) rents it out to another person (the subtenant) for a portion of their lease period. This arrangement allows the original tenant to maintain their rental agreement while temporarily transferring some or all of their rights and responsibilities to the subtenant, often due to relocation or financial reasons. The original tenant typically remains responsible to the landlord for the lease terms, while the subtenant pays rent to the original tenant. Subleasing usually requires the landlord's approval and should be documented in writing to avoid misunderstandings.
Additional Insights
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Subleasing is an arrangement where a tenant (the original leaseholder) rents out their leased property to another person while maintaining their lease agreement with the landlord. The subtenant pays rent to the original tenant, who remains responsible for the lease terms. This can occur when the original tenant needs to leave temporarily or cannot afford the rent but wants to keep the lease. However, subleasing typically requires landlord approval, and it's important for all parties to understand their rights and responsibilities outlined in the original lease.