In this video, we go over everything you need to know about Arizona sublease agreements for rental properties. Let's go over how to fill out the Arizona Association of Realtors residential lease agreement!The court can give you a fee waiver form to fill out. Sublet and sublease are two different words for the same concept. The suffixes of each word, "let" and "lease," both mean to rent out a property. Complete Files, SALES, Required Records, Sales Transaction Folders, PROPERTY MANAGEMENT. 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. Rental arbitrage is an expert technique where you sublease a property for the sole purpose of Airbnb.