What is subleasing?

Subleasing refers to the arrangement where a tenant rents out their leased property to another individual while still maintaining their original lease agreement with the landlord. In this scenario, the original tenant, known as the sublessor, continues to be responsible for the terms and conditions of the lease with the landlord, including paying rent. The new tenant, referred to as the sublessee, occupies the property under the terms set by the sublessor.

This arrangement allows the original tenant a degree of flexibility; for instance, if they need to leave the property temporarily or cannot afford the rent, subleasing provides a solution wherein they can recoup some of their costs while ensuring the property remains occupied. It’s important to note that most leases include clauses regarding subleasing, which may require the landlord's consent. This means that not every sublease arrangement is permissible under every lease agreement, and tenants should be aware of these terms before proceeding.

The other options describe different scenarios related to leasing but do not accurately capture the essence of subleasing. For example, forming a new lease agreement directly between the landlord and a new tenant describes a rental situation that would typically replace the original tenant rather than involve them retaining their lease.