In this video, we go over everything you need to know about Arizona sublease agreements for rental properties. Arizona law doesn't provide specific guidelines on subleasing for general residential properties.Instead, it largely depends on the original lease. In this article, we'll answer landlords' questions about subleasing and guide you through successfully subleasing a rental. Subleasing can help to reduce living costs, replace roommates, and can help landlords keep units occupied when tenants may be away for extended periods of time. Subleasing is when the current tenant of a property rents out their unit to a third party for a portion of their existing lease. Create a sublease agreement to legally sublet your property. Our sublease contract template allows a tenant to rent a unit to a subtenant. A sublease agreement is considered a written document that offers the lessee a chance to pass on the responsibility and rights of tenancy to another person. Rental arbitrage is an expert technique where you sublease a property for the sole purpose of Airbnb.