The standard renting of an apartment involves only two parties, the lessor and the lessee, where the lessee agrees to live according to terms in exchange for payment. A sublet, however, is an arrangement where the lessee releases the apartment, adding a third party to the lease. The original lessee becomes both a lessee and a sublessor, paying rent while renting out as well. A common example of a sublet is when an owner leases their residence to a real estate or management company, who in turn will release the residence to a tenant. In an arrangement such as this one, the sublessee is subject to an agreement with the sublessor. The sublessor, as the original lessee, still remains engaged and liable in the original agreement with the owner, even though they aren't actually the tenant. A sublease can also be applied to car rentals as well.