The sublet agreement template is a lawful document that allows a tenant to further let-out a property that is already taken by him or her on rent. To do so, the primary agreement must have a clause that allows the tenant to rent the property out to a third party. Whereas, a sublet is a lease of a property by a tenant to a subtenant. Therefore, an agreement which extensively spells out the basic terms of a sublet is called a sublet agreement. Generally, it is an arrangement where the tenant who hires a property from a landlord, further rents it out to another party. However, sublet agreements are especially prepared for immoveable assets, like apartments, buildings, and basements. Nevertheless, it can also be prepared for the following purposes, such as, for inventory, and for renting out equipment. While preparing a sublet agreement, both parties will discuss certain terms. These terms are: rent of property, deposits, advance payment, token amount, length of the sublet, whole timeframe, policy of use, statement of payment, security of property, damages cost, and some other relevant matters. Importance of Sublet Agreement: No doubt, the ownership of property will remain in the name of the original