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- Sometimes things happen and you need to move unexpectedly. If you dont want to terminate your lease agreement prematurely and lose your security deposit, you can choose to sublet the rental property instead. However, it is important to remember that there are laws governing these agreements, which you will need to consider when planning to sublease a rental unit. In this video, well provide you all the information you need to sublet a property. So lets get started. (upbeat music) (logo chiming) Sublease agreement. A Colorado sublease agreement is a legal document that allows current tenants to lease or sublet a portion or all of a rental property to someone else. Subletting A property is only permissible if the original lease doesnt prohibit it. Moreover, it is a smart strategy to ensure that your rental unit is occupied when you are away for a prolonged period or to generate some extra money by taking in a roommate. However, it does come with a few legal risks, so its important
