sublet
/ˈsʌblɛt/Definitions
1. noun
A rental agreement in which one tenant rents a property from another tenant, usually with the owner’s permission.
“She decided to sublet her apartment for the summer.”
2. verb
To rent or lease a property from another person, usually with the owner’s permission.
“He plans to sublet his house while he’s away on vacation.”
3. verb
To take over and manage a property from another person, especially in a business sense.
“The company will sublet the old warehouse for storage purposes.”