What is a "sublease" in the context of rental agreements?

A sublease is specifically defined as a situation in which an existing tenant leases their rented space to another party, referred to as the subtenant. This arrangement typically requires the original tenant to obtain permission from the landlord or property owner, ensuring that the lease terms are adhered to and that all parties involved are aware of the new occupancy.

Subleasing allows the original tenant to retain their responsibilities under the primary lease while providing flexibility for both the original tenant and the subtenant. It is a common practice in rental agreements, especially when a tenant needs to vacate the property temporarily or is unable to fulfill the lease for the entire term. This distinction is crucial in property management as it maintains the relationship between the landlord and the original tenant while introducing a new party into the agreement.

The other options describe different scenarios related to leasing but do not capture the essence of subleasing. For instance, a lease agreement with a commercial tenant does not imply subleasing unless it specifically involves the original tenant leasing part of their commercial space to someone else. Extending the lease period refers to a renewal or an agreement to continue a lease beyond its original term, while mutual agreements to cancel a lease relate to termination rather than subleasing. Hence, understanding the definition and proper context