Create your Arizona sublease agreement here. Download our free template to sublet to a new tenant in the state.What is a commercial sublease? A commercial sublease is an agreement to lease space from a tenant rather than directly from a property owner. A commercial sublease agreement is a statutory document authorizing a third party to occupy a leased property under the original lease agreement. A commercial sublease agreement template is a fundamental and customizable contract between a lessor and the subtenant. Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. After a tenant shows interest in a property, the landlord will commonly verify the tenant's financials and income with a rental application. Subletting your office space or commercial property? Easily customize your own Commercial Sublease Agreement.