What defines a "sublease" in commercial property management?

A sublease in commercial property management refers to an agreement where a tenant leases out their space to another party. This means that the original tenant (also known as the sublessor) rents all or part of their leased property to another individual or entity (the sublessee) while still maintaining the primary lease with the property owner. The original tenant remains responsible for the lease obligations to the landlord, but they allow another party to occupy the space, typically for a specified period and under certain terms outlined in the sublease agreement.

This arrangement is often used because it allows tenants to manage their space more flexibly, such as when they have excess space or need to vacate for a time but don’t want to give up their lease entirely. The sublessee, meanwhile, gains access to commercial space without having to negotiate directly with the property owner for a new lease.

The other options do not correctly describe a sublease. Signing a new lease with the property owner indicates a direct contractual relationship with the landlord, whereas a sales agreement pertains to the transfer of ownership rather than leasing rights. A short-term rental agreement typically refers to different terms and conditions, often with different regulations and expectations compared to a sublease. Therefore, the best definition of a