Important Facts to Know About Subleasing Your Apartment
By Space Coast Daily // September 17, 2021
Sometimes, life pushes you into moving out of your apartment before your lease ends. You may plan on starting a new job, heading off to college, or simply getting a feel of a different town.
Regardless of your plan, subleasing may be the answer. However, subleasing is one of the most complicated rental terms out there.
Here are a few critical things to know before subleasing your apartment.
1. Discussing With Your Property Manager or Landlord Is Important
One of the most important things to do before subletting your apartment is talking to your landlord or property manager. Although the law may allow you to sublease without informing them, you shouldn’t. Whether you want to sublease the entire apartment or just one room, getting their approval is essential.
They can help you go through and understand your lease agreement. In some instances, there may be a clause regarding subleasing your apartment.
Things may be a bit more complicated when renting a co-op or condo. It may be impossible to sublease without getting the consent of the condo board.
When your property manager or landlord is against the idea of subleasing, a simple explanation on your part can go a long way. After discussions with your landlord, make sure that you get everything in writing.
2. Finding New Tenants and Ending Your Lease Early
Before subleasing your apartment, remember to end your lease on time and have a plan to find tenants. Your sublease contracts should be clear about the move-in and move-out dates. This way, there will be no question about the number of days the subtenant is in your apartment.
While there are many places to find tenants, they aren’t all safe. Create listings on secure and credible platforms and follow with clean photos of your apartment.
State how soon you need someone and how long they’ll be staying. Don’t reveal your address until you are sure that you have serious candidates.
3. Understand the Rights of Subtenants
For the most part, your subtenant will have the same rights as you. At the end of the lease, you’ll need to live somewhere else. Alternatively, you can get a separate lease for yourself.
Subtenants are typically required to abide by the same rules as their original tenants. However, this may change depending on the requirements of different property managers.
4. The Laws Vary Depending On Location
One of the main reasons subleasing laws are complicated is that they vary from state to state. You’ll need to look up the laws for your state before making any conclusions.
For example, in Maryland, Louisiana, and Kentucky, you don’t need approval to sublease your rental. However, it is a requirement in certain states.
In big cities like New York and Chicago, renters sublease their apartments even if it is against their lease terms. The current renter only needs to prove that the subtenant qualifies to rent.
5. Consider Your Roommates
If you have roommates, talk to them before going on with your plan. Things can get tricky if they don’t appreciate the idea of sub-leasing. Let the sub-leaseter know that you have roommates and that they’ll need to follow certain rules.
Schedule some time for the roommates and sub-leaseter to meet before making things formal. The meeting may keep you from bringing in the wrong sub-leaseter.
Even though sub-leasing can be complicated, it isn’t impossible. With a few rules in mind, it can work for you.
The most important things to remember include speaking with your property manager about it, considering the needs of your roommates, and making the necessary arrangements to prepare for them.