Important Things to Know When Subletting an Apartment

Important Things to Know When Subletting an ApartmentIt is not easy to find a good apartment for rent. If you need to move out of an apartment before the end of your lease term, ask around for anyone who would be willing to be a sub-tenant for your unit. Chances are you would be able to find someone! This way you could avoid the penalties that are usually associated with an early termination of lease term. If you plan on going away temporarily, you could sublet your apartment temporarily as a way to hold your space in the apartment until your return. Here are some considerations to make sure that you have a smooth subletting experience.

First, check your lease agreement and confirm with your property manager whether it is permissible to sublet your apartment to another party. Some agreements will specify that subletting is strictly prohibited; therefore if you were to sublet your apartment unit you would be violating the agreement and would then be subject to any applicable fines and penalties.

If your agreement does not prohibit you from subletting your unit, then the next step is to find the perfect tenants to sublet your unit. You can start the process by posting ads in several places both online and offline. Specify clearly the time frame that you intend to sublet your unit to weed out anyone who is interested in a longer lease term.

When you find a suitable tenant to sublet your unit to, create an agreement with this person to specify the sublet term. This agreement will be strictly between you and your subtenant, apart from your initial lease agreement with your landlord. Therefore, you are still legally bound to the agreement that you make with your landlord in the beginning of your lease term.

In the lease agreement that you create for your subtenant, specify clauses that follow the ones specified in your initial agreement with the landlord of the apartment. If your subtenants were to violate the agreement in any way, he or she would be responsible to you. However, the landlord would be holding you, and not your subtenant, responsible for such violation. If the violation were to result in a fine, the landlord would have the right seek payment of the fine from you. You in turn would need to pursue your subtenant to recoup the fine fee.

It is the same way with rental fees. The sub-tenant is responsible to make monthly rental payment to you while you are responsible in making the payment to the landlord. If your subtenant makes a late payment, you are still responsible to make a timely rental payment to the landlord or else a late fee would be assessed to you by the landlord.