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A sublease agreement is a written contract between an original tenant (sublessor) and a third party (sublessee) for renting the same premises. It does not cancel the original lease, which remains in effect. Sublease agreements typically arise when a tenant vacates or plans to vacate but has remaining rent obligations, with the landlord's consent. The sublessor acts as an intermediary, collecting rent from the sublessee and paying the landlord. The original lease is referred to as the master lease, and while a sublease generally cannot exceed the duration of the master lease, it may extend beyond it if permitted by the landlord.
