Our free sublease agreement template makes it easier to sublet your room or apartment. Edit and store it on Contractbook to keep track of dates and obligations.You must first identify the land you wish to lease, including its physical location, area size, and Registry of Title ("ROT") information. Sublease Agreement A legal document outlining the terms and conditions of the subletting arrangement. Subleases of rightofuse assets are within the scope of ASC 842 and should be accounted for in the same way as other leases. Just because you have a lease does not give you the legal right to form a sublease. In fact, standard rental practice in the US forbids subleasing. PREAMBLE: This Sublease contains the agreements between Subtenant and Owner concerning the rights and obligations of each party. C. Pursuant to the terms of the Lease, Tenant must obtain the prior written consent of Landlord to any sublease of all or any portion of the Premises. 1. The sublessee shall be liable for the full rent of the sublessor in the amount of.