In this video, we go over everything you need to know about Arizona sublease agreements for rental properties. This agreement is to sublet real property according to the terms specified below.Take over a used car lease. No money down leases! Create a sublease agreement to legally sublet your property. Our sublease contract template allows a tenant to rent a unit to a subtenant. There's no trick or loophole to get out of leases. An Arizona sublease agreement is a legal contract that allows a tenant (or "sublessor") to rent out a property they currently lease to a new tenant. Once the assignment is complete, the original tenant is no longer involved in the lease agreement. April 29, 2015. Customer.