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If you need to move unexpectedly but want to avoid terminating your lease and losing your security deposit, subletting your rental property is an option. However, it's crucial to adhere to applicable laws regarding subleasing. This video tutorial offers comprehensive information on subletting a property. In Colorado, a sublease agreement is a legal document enabling current tenants to lease their rental property to another party, provided the original lease permits subletting. Subletting can help keep your rental unit occupied or generate extra income, but it carries legal risks that must be considered.