Oak Grove Residences,Inc. ,owns apartment buildings.Pedro leases one of Oak Grove's apartments.Pedro's transfer of his interest in the lease to Quito for a period shorter than the lease term is

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Pedro is transferring his interest in the lease to Quito for a period shorter than the lease term, which fits the definition of a sublease. In a sublease, the original tenant (Pedro) becomes a sublessor and the new tenant (Quito) becomes a sublessee. The sublessee pays rent to the sublessor and has some of the same rights and obligations as the original tenant, but ultimately the original lease remains in effect.