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Check out our FREE roommate agreement template for New York. Our sublease agreement contract forms are fillable and printable as a PDF.This Sublease contains the entire agreement between the parties and all prior negotiations and agreements are merged in this Sublease. Any agreement hereafter. A New York sublease agreement is a contract that tenants use to rent out their residence to a subtenant for a limited period of time. Complete agreement in full with signatures from both Overtenant and Subtenant. A New York sublease agreement is a legal document that establishes a peer-to-peer tenancy agreement between two tenants. This agreement is to sublet real property according to the terms specified below. The short answer is: yes, it is legal to sublease in NYC. What Is a Sublease Agreement in NYC?