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‘Tis the Sublease Season for Renters

Posted on May 6, 2010 in: Renter Resources

Handing Over the Keys

Finals are just around the corner. Then, you are headed to the big city for that lauded internship that has turned your friends into frienemies. You’re subletting your apartment for a rock bottom price, but at least it gets you out of there and pays part of your rent. Before you run for the door, here are a few things to keep in mind when you are subletting your place.

  • Landlord Issues. Nearly every lease requires landlord approval for subleases. That said, very few people (particularly those leaving town for the summer) bother. While we don’t condone breaching lease terms, there probably isn’t a whole lot of impact on you if it is the end of your lease. That said, you are risking your security deposit, and you will be responsible for any damage to the place - even if you had nothing to do with it. Lastly, if it isn’t the end of the lease, you should be a little more concerned. If the landlord finds out about your illegal sublet, he or she could break the lease and hold you responsible for all the rent. So, even if you aren’t going to seek approval, read your lease and know the potential effects.
  • Choose Carefully. You may love your friend, the party animal. But, do you really want him living in your place? Remember, you’re on the hook for their behavior. Choose carefully.
  • Sublease Agreement. Because of the risks described above, get a sublease signed. Even if it is your good friend who would never screw you. These friends have friends who might not care about breaking the shower door, and you’ll be 1,000 miles away. Your security deposit, though, won’t be. Be smart - put the deal and responsibilities in writing.
  • Utilities. If the utilities are you in your name, cancel them - even though it is a hassle. Let your tenant be on the hook for the electricity - otherwise, you may find that your renter is a huge fan of air conditioning - even when it’s only 60 degrees.
  • Personal Property. If you want to leave your personal property in the apartment, think again. While it may be a whole lot easier than moving twice, you’re not going to be there to keep an eye on things. If you are going to leave your favorite couch and a closet full of clothes, make sure that you have renters’ insurance and do a quick written inventory. When your bike is no longer on the back porch when you get back, you’ll be glad you did.
  • Check In. It is always a good idea to periodically follow up with your subleasee with a phone call or someone else dropping in. How are things going? Any problems? Letting them know that you aren’t disappearing may keep things a bit more regulated.

It’s pretty simple - be smart. Think like a landlord - after all, as a subleassor, you are one.

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About William Paid

My name is William Paid, Esquire and I’m a serial personal butler with 40 years distinguished service, orchestrating exceptional living experiences for exiled kings, rockstars, supermodels, and even a few “young gun” Internet executives who are now woefully overleveraged and unable to employ my services. My role is to ensure everything runs smoothly for renters and roommates. I’m at YOUR service.

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