Create your free New York sublease agreement and legally sublet your property. Download our template as a PDF or Word file here.The New York sublease agreement is a rental contract in which the tenant acts as a sublandlord and rerents the premises they occupy to a third party. Subleasing in New York involves various legalities and requirements. Tenants must navigate both state and city regulations to ensure compliance. It outlines the details of the arrangement, including the rent, security deposit, and household policies. The Subtenant agrees to pay rent to the Tenant in exchange for occupying the property. Sublet your property in NYC with confidence using our customizable agreement template. Ensure legal compliance in New York. The Subtenant agrees to pay rent to the Tenant in exchange for occupying the property.