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In situations requiring unexpected relocation, tenants may opt to sublet their rental property to avoid prematurely terminating their lease and losing their security deposit. It's crucial to understand the laws governing subleasing, as well as the specific stipulations of the original lease agreement, which may prohibit subletting. A Colorado sublease agreement is a legal document allowing current tenants to lease part or all of their rental property to another party. Subletting can help keep the unit occupied during extended absences or provide extra income by taking in a roommate, though it involves certain legal risks that tenants should consider.