Subleasing: meaning, definitions and examples

real estate

Subleasing refers to the act of renting out a property that has already been leased by a tenant to another individual, known as the sublessee. This arrangement allows the original tenant to temporarily transfer their rights and obligations under their lease to another party. The original lease agreement may stipulate whether subleasing is permitted and may also set certain conditions or requirements for the sublease. Subleases can be beneficial for tenants who wish to move out before their lease ends but still want to maintain their lease agreement. It's essential for all parties involved to understand their rights and responsibilities under such an arrangement.

lease transfer, rental, sublet

Examples of usage

• She decided to sublease her apartment while studying abroad.

• Many students choose subleasing to find short-term housing.

• The landlord allowed subleasing with prior approval.