A lease from a lessee is a type of agreement between two parties, where one party (the lessee) agrees to rent property from the other party (the lessor). The lessee has the right to use the property for a specified period of time, and in exchange, pays a fee to the lessor. Subletting is a process in which the lessee can rent out the property to a third party, while still being responsible for the terms of the original lease agreement.