Subletting

If you are planning on subleasing/reletting your apartment, one of the most important factors is to advertise early. You may not be the only one looking to find someone to take over your lease.

When signing a lease, make sure that subletting/reletting is permitted by your lease. Typically, these agreements require additional written consent by the property owner or manager. 

Keep in mind the following: 

• Be sure your sublet/relet agreement is in writing and the building allows for sublets.
• There is a difference between subleasing and relet. Find out which would apply to the apartment you are thinking of renting.
• Each landlord may have a different process
• Typically, subleasing would allow for the original holder of the lease to reclaim possession of the apartment, once the sublease agreement has been completed. The original holder of the lease leaves their security deposit on account and is held liable for any damages.
• Reletting would release the original holder of the lease from all future obligations and damages and the original security deposit(with any damages deducted) would be refunded.
• Inspect the premises carefully and document in writing the condition of the apartment, both when the subtenant takes over the premises and - if possible - before the subtenant vacates the premises.
• To avoid problems with utilities make sure the utility accounts in your name are disconnected and the sublessor sets up his/her own accounts.
• As a sublessor, be aware that all the obligations of the original lease become your obligations as well.