Create your free Virginia sublease agreement to sublet your property. Rent your unit to a subtenant with our attorney-approved template.Virginia Sublease Agreement. A Virginia sublease agreement is a contract used when a renter (sublessor) leases their residence to another person (sublessee). The contract will list the rental price, the sublease term, and the sublessee's rights and responsibilities. 1. The sublessee shall be liable for the full rent of the sublessor in the amount of. The Virginia sublease agreement is conducted when an active renter wants to lease the property they currently occupy to a third party. This Sublease will be for a term beginning on ______, 20___ and ending on ______,. 20___ (the "Term"). 5. A sublease agreement is a rental contract used for rerenting a currently leased unit to a new tenant.