The process of securing an individual to take over a rental agreement from the original tenant for a specified period constitutes a sublease. This arrangement necessitates finding a suitable subtenant who agrees to the terms of the existing lease. For example, a tenant anticipating temporary relocation might seek someone to fulfill their lease obligations during their absence.
Engaging in this practice offers several advantages, primarily mitigating financial losses associated with vacant property. It ensures continued rental income, preventing lease breakage penalties and maintaining a positive rental history. Historically, this strategy has been employed to manage property obligations during unforeseen circumstances or temporary assignments.