From Diffen
| Rent | Sublease | ||
|---|---|---|---|
| Meaning: | Renting is an agreement where a payment is made for the temporary use of a good or property owned by another person or company | In real estate law, sublease is an arrangement in which the lessee in a lease assigns the lease to a third party, thereby making the old lessee the sublessor, and the new lessee the sublessee | |
| Flexibility: | It is flexible | ||
| Time: | short term | ||
| Agreement: | Pre determined and terms can be changed | ||
| Mode of agreement: | Oral/Written | ||
| Stability: | Not much stability | ||
| Agreements: | The lease agreements contain language that forbids the practice of subleasing |
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