Rent from a renter is a term used to describe a situation in which a tenant rents a property from another tenant. SUBLEASE and SUBLET are two terms that are often used interchangeably when referring to this type of arrangement. A SUBLEASE is when the original tenant leases the property to a third party, while a SUBLET is when the original tenant retains the lease but allows a third party to use the property. Both subleases and sublets are common in the rental market and can be beneficial for both the original tenant and the new tenant.