Subletting
Renters that have rented property can re-rent by means of subletting, a process that consists of creating a sublease, also called a sublet, with a third party. This new arrangement will require the creation of an entirely new lease to establish the agreement. However, the original lease may include a provision to ban subletting. When a sublease is enacted, the original lessee becomes a sublessor while the new party becomes a sublessee. Throughout the course of the sublease, however, the sublessee remains liable to the original lease. The most common example of subletting is in the case of owner that leases to a management company which, in turn, subleases to tenants of its own.
Fast Facts
- Subletting must first be approved by the landlord
- Legally, a sublease should be used for lodgers that pay rent




