How can we rent out our rented house as hostel

We are living in a rented house.
I want to know that how can i rent the house further in the form of hostel to other persons, should i have to take permission from owner?
And please tell me about other procedures if applicable.

Your next question will be how the sell this rented house.

@Waqar, you can’t just sublet the house at your will. It’s usually a part of rent agreements but even if it isn’t, you SHOULD discuss it with the owner and only do it with his permission.

You should ask for the consent of house owner in that case rental value would be increased. Also the housing society rules have to be taken care of.