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A sublease agreement is a document that formalizes the rental relationship between a current tenant (sublessor) and a prospective renter (sublessee) for the same premises. This agreement does not terminate the original lease. Subleasing is often necessary when a tenant intends to vacate but has remaining months on their lease, with landlord approval. The tenant can then find a third party to occupy the space while collecting rent and forwarding it to the landlord. The initial lease is referred to as the master lease; typically, the sublease cannot extend beyond the master lease's duration unless permitted by the landlord.
