An Arkansas sublease agreement is a rental contract entered into by a tenant (sublessor) and an individual to whom they are renting residential rental property (sublessee). Whereas the sublessor is liable to the landlord with whom they have a residential lease agreement, the sublessee is liable to the sublessor. Having a sublease agreement in place allows the sublessor to hold the sublessee responsible for anything that happens to the rental unit while they are renting it to them. A tenant must obtain the landlord’s permission before they can negotiate a rental contract with a third party.