How Much Does a Sublease Cost? The average cost (i.e.According to Michigan subletting laws, tenants must obtain written approval from their landlord to sublet unless their lease agreement explicitly allows it. A sublease agreement is a legal contract signed between a tenant and a third party allowing the latter to rent out the entire property or any part of it. Subletting, also known as subleasing, involves renting out a property or a portion of it that you are currently leasing, to a new tenant. We have a wide variety of opportunities available including former Aldi stores, outparcels, and adjacent tenant space. A Michigan sublease agreement provides the legal framework for a tenant to sublet a portion or all of their residence to someone else. 200 E Las Olas Blvd, Fort Lauderdale, FL 33301. This Office space is available for lease. Create your Michigan sublease agreement, and sublet your property.