Glossary
Bear in mind that you are signing up for a minimum lease term. If you think you may want to get out of the obligations in the lease before the time is up then you should attempt to agree a right to do this (a “Break Option”). If the landlord will not agree to this then a landlord may instead agree to permit you to assign the lease to a third party or to sublet it. However, the landlord is likely to insist that you guarantee the new tenant’s obligations.
Negotiation tip: see if the landlord will agree to limit the circumstances where you may be required to guarantee the new tenant’s obligations e.g. only where the new tenant is of lower financial standing to you or where the new tenant does not offer security like a rent deposit or personal guarantee.