Leases and subleases are used in property rentals and establish the rights and duties of the renter and landlord.
A lease is a contract between a tenant and landlord. The landlord owns the property and allows the renter to lease it for a set amount of time and money under specific conditions.
A sublease is a contract between a renter and another renter. The renter is renting the unit to someone else. The original lease remains in effect during a sublease.
To learn more, watch our quick video and visit our in depth guide to the differences between a lease and sublease.