What is sublet definition?

Subletting refers to the practice of renting out a property or part of a property that is already being rented by a tenant to another person. It is a common practice that allows tenants to lease a portion of their rented space to another person, known as a subtenant, which allows them to offset some of their rental costs.

Subletting is usually done when the current tenant of a property cannot fulfill their lease requirements for some reason, such as moving to another location, going on a long trip, or temporarily relocating for work or study. The tenant can then sublet the property to someone else for a certain period, during which the subtenant would pay rent to the original tenant.

Subletting requires the agreement of the landlord, who is the legal owner of the property, and often involves additional paperwork and fees. The subtenant's rights and obligations are usually outlined in the sublease agreement, which is a contractual agreement between the original tenant and their subtenant.

Overall, subletting can provide a temporary solution for tenants who need to move but want to continue paying rent for their current property, while allowing others to benefit from an affordable rental option in a desirable location.