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A sublease agreement is a document formalizing the relationship between a tenant (sublessor) and a person wishing to rent a property (sublessee). It does not terminate the original lease. Typically, this agreement arises when the original tenant, with the landlord's consent, vacates the premises but has remaining rent obligations. The tenant finds a third party to rent the property, acting as an intermediary by collecting rent from the sublessee and paying the landlord. The initial lease is termed the "master lease," and generally, a sublease cannot extend beyond its duration, though it may be allowed to continue beyond the master lease’s end date with the landlord's approval.
