Water under the sink is never good news, but a leaking drain is one of the easier fixes in plumbing. The leak is coming from one of three spots: the basket strainer (where the drain meets the sink basin -- failed putty or gasket), the tailpiece (the vertical pipe between strainer and P-trap -- loose slip nuts or worn washers), or the P-trap itself (the U-shaped pipe -- same slip-joint issues or a corroded trap with pinholes). All three fixes are under $25 in parts and take less than an hour. The key is figuring out exactly which connection is leaking before you start taking things apart.