Subletting -
Subleasing
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Subletting is
when a tenant or lessee rents out all or part of a rented unit (apartment for
example) to another person. The original tenants(s) who signed the contract with
the landlord or owner of the unit is generally held responsible to the original
lease agreement with the landlord. Several
states have laws governing sublets.
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Search for
Sublet and Subleasing
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WHY SUBLET / SUBLEASE YOUR APARTMENT?
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People sublet their apartment or rented unit out
for a number of reasons. These include:
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moving out of town and you have time left on
your lease
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traveling for a period of time and want to
maintain your apartment and have someone else pay the bills
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renting a portion out to help with costs
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you think you can make money on your rental off
someone else...
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YOU ARE STILL RESPONSIBLE FOR THE LEASE
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Generally when you
sublease your unit, you as the one who signed the original lease is the one
responsible for it. So think TWICE before becoming a landlord - because that is
what YOU become - the LANDLORD !
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READ YOUR LEASE
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Most lease agreements have a sublet clause in
there. Most will say that for you MUST have permission from the landlord to
sublet your apartment. Get it in writing. The landlord should get ALL the
information from the person who is subletting. I would even recommend the tenant
obtain a credit report from the proposed sublet. See your landlord for
assistance. Your best friend may be the worst tenant. It happens. REMEMBER - YOU
as the original tenant are still responsible for rent payments to the landlord
EVEN if he agrees to the sublet. Try collecting from your friend.
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GET A TENANT CREDIT REPORT
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Get a
Tenant Credit Report.
Just as your landlord did when you signed the lease, so
should you to the person(s) you are going to sublet to.
So
you may ask HOW? How do I get a credit report - I'm not a landlord.....
With
the RentLaw.com Tenant Screening Service the work is done for you. Designed for
the small landlord and powered by TransUnion Smartmove, all you need is the
email address of the prospective tenant. You create a FREE account on
rentlaw.mysmartmove.com . Complete basic information including the email
address. An email is generated to the tenant. They complete the app and you are
notified of the their credit standing.
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Take a look and create a free
account
RENTLAW.MYSMARTMOVE.COM
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SUBLETTING LAWS
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Several states have
laws protecting the tenant, sublet and landlord. Most don't. DO NOT SUBLET
WITHOUT WRITTEN PERMISSION FROM THE LANDLORD.
DO NOT sublet your
apartment for longer then the term of your lease or under different terms. For
example, if you have three months left on your lease, do not agree to sublet it
for 5 months. If it is a month to month lease - that should be spelled out in
the lease agreement. If you are the one who is looking for a sublet, ask to
see the signed lease agreement between the landlord and tenant whom you will
be making payments. Verify with the landlord that you have permission to
sublet.
See the State by
State Guide to Landlord Tenant Laws on RentLaw.com for more information.
See Guide to New York Sublet Laws
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WHY WOULD OR
SHOULD A LANDLORD PERMIT A SUBLET
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The landlord may
decide to permit a sublet if the existing tenant is current and has been a
"good" tenant and the reason is reasonable. The Landlord should
generally always keep the original tenant responsible for the terms of the lease
- payments damages etc. DO NOT return the original security deposit UNLESS state
law indicates you must to the original tenant. Use caution here.
If you are the
landlord, you may decide it would be easier to just sign a NEW lease with the
person who was going to sublet and relieve the original tenant of any
obligations - as long as you as the landlord doesn't lose any money. If so, the
tenant who is leaving should be responsible for any shortfall. THIS IS GENERALLY
PROVIDED for in State Law. In general as follows:
IF a tenant vacates a
premises prior to the term of the lease, the tenant must notify the landlord of
their intent and BOTH TENANT and LANDLORD have to make an honest attempt at
finding a replacement tenant. This means that the landlord must market the
property and should do so via contacting local real estate agents, placing ads
in the paper etc. IF a new tenant is found to replace the old tenant, the
tenant who is breaking the lease is responsible for the difference in rent
between the two for term remaining on the lease PLUS any reasonable costs to
rerent (advertising costs). An example here is where the tenant left/broke the
lease with three months remaining on a $1,000 per month lease. If no replacement
tenant is found, the tenant is liable for $3,000 in rent (3 months x $1,000). If
a new tenant is found immediately, the only charges to assess may be the costs
to rerent (advertising costs). If it took half a month then the charges
would be prorated. In general, a landlord CANNOT collect "double rent"
on a single unit.
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