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When unexpected situations arise and moving is necessary, subleasing your rental property can be a viable option to avoid terminating your lease and forfeiting your security deposit. It's crucial to understand the laws related to subletting, as these agreements must comply with legal guidelines. This video outlines the essential information about subletting, specifically focusing on Colorado sublease agreements. A sublease agreement is a legal document that permits current tenants to lease all or part of their rental property, provided the original lease does not prohibit subletting. While subletting can keep your unit occupied and potentially generate extra income, it carries legal risks that should be carefully considered.
