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Renting out your property to another for a short period (less than the entire term of the lease) is also a common sublease option. In most cases, a subtenant can negotiate a below market lease rate.A Sublease Agreement is a rental contract between an original tenant and a subtenant. Any rent difference under the Lease and the amount the Sublessee has agreed to pay MUST be paid in full at the time the Sublet Agreement is signed. The legal definition of subletting describes it as being a subtenant to an existing tenant or renter. Sublet and sublease are generally two different words that mean exactly the same thing. Sublease. Regardless of whether there is one person or the whole apartment being sublet, all of the original tenants on the lease must agree and sign the sublease. Rent shall be payable on the first day of each month directly to the Sublessor. 3.
