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If you need to move unexpectedly but want to avoid terminating your lease and losing your security deposit, consider subletting your rental property. However, be aware of laws governing subleases. In this tutorial, we discuss how to properly sublet a property. A Colorado sublease agreement is a legal document that allows current tenants to lease all or part of their rental to someone else, provided the original lease doesn't prohibit it. Subletting can ensure your unit remains occupied during your absence or help generate extra income. Nevertheless, it carries some legal risks, making it important to understand the process and implications before proceeding.