Real Estate Glossary

What is Sublease?

A sublease is a type of lease agreement in which the tenant of a property (the sublessor) rents the property to another person (the sublessee) for a period of time. The sublessor is still responsible for paying the rent to the landlord and for ensuring that the property is in good condition, but the sublessee is responsible for paying the rent to the sublessor. Subleasing can be a good option for tenants who are going to be away for a period of time, but want to keep their rental unit and avoid the cost of breaking a lease.

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