A sublease agreement is a legal contract signed between a tenant and a third party allowing the latter to rent out the entire property or any part of it. In Nevada, tenants do not have the inherent right to sublease their property; they must obtain written approval from the landlord first.How Much Does a Sublease Cost? The average cost (i.e. Subletting, also known as subleasing, involves renting out a property or a portion of it that you are currently leasing, to a new tenant. Create your Nevada sublease agreement here. We have a wide variety of opportunities available including former Aldi stores, outparcels, and adjacent tenant space.