{"id":1698,"date":"2014-04-07T09:54:16","date_gmt":"2014-04-07T13:54:16","guid":{"rendered":"http:\/\/www.renthop.com\/news\/?p=1698"},"modified":"2014-04-07T09:55:06","modified_gmt":"2014-04-07T13:55:06","slug":"six-tips-for-subletting-your-apartment","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/six-tips-for-subletting-your-apartment\/","title":{"rendered":"Six Tips for Subletting Your Apartment"},"content":{"rendered":"

If you\u2019ve ever had to sublet your apartment you know how difficult it can be. Just finding people you\u2019d be willing to sublet to can be hard.\u00a0The landlord may not want to allow it; she negotiated with you and may not want to deal with someone new. If you live in a condo or co-op your subletter may need to comply with house rules for renters. So what do you do?<\/p>\n

\"Finding<\/a>
Finding a subletter for this awesome place? Super easy, right?<\/figcaption><\/figure>\n

Credit: Flickr<\/a>\/CC 2.0<\/a><\/p>\n

We’ve got some ideas. The most important one: when trying to sublet your place, you need to think like a landlord<\/em>. Protect yourself. Work hard to find a reliable, responsible subletter. Check references and credit. Use a contract. Get a security deposit. Remember how painful it was to rent your apartment? Most of those hoops are there to protect the landlord from bad tenants.<\/p>\n

Here are our six tips to help you have a successful subletting experience:<\/p>\n

(1) \u00a0Read your lease (and the co-op\/condo rules, if applicable)<\/strong>. Does your lease allow subletting? If it does, does the owner need to consent? If you\u2019re renting a co-op or condo, the co-op or condo board may need to approve your subletter. That may require the subletter to produce financial records, for example, and to submit to interviews with the condo or co-op board. If your lease does allow subletting without the landlord\u2019s consent you should still notify the landlord that you intend to do so. It\u2019s a courtesy and can help avoid problems later. You want your landlord to be your ally!<\/p>\n

If your lease forbids subletting, you need to think\u00a0very carefully<\/em>\u00a0before you do so. If you really need to sublet your place, consider asking for written permission. If you sublet without permission and in violation of the lease you risk a very unhappy landlord who may have rights against you under the lease. It may also be harder for you to rent in the future.<\/p>\n

(2) \u00a0Tap into your social network to find candidates<\/strong>. Your social network is the first and best place to look for a subletter. Your social connection to the people in your network (even if indirect) should help prevent the subletter from taking advantage of you. You\u2019ll also have the ability to check references informally.<\/p>\n

Outside of your social network, there are websites that allow you to advertise your apartment. (RentHop<\/a>\u2019s good for this!) Use caution with the candidates you find and make sure you do your diligence.<\/p>\n

(3) \u00a0<\/span>Price your place appropriately<\/span><\/strong>. Research comparable apartments in your neighborhood and price your place accordingly. You may need to find a subletter quickly, but if you underprice too far you may attract bad candidates. (And keep in mind that if your subtenant pays less than the full rent you\u2019ll have to make up the difference!) You shouldn\u2019t necessarily be out to turn a profit \u2013 that may not sit well with your landlord. But you don\u2019t want a bad situation with a subletter paying far less than the total monthly rent, either.<\/span><\/p>\n

(4) \u00a0<\/span>Check your renter\u2019s insurance policy<\/strong>. Depending on your state and your policy you may not be protected from theft\/damage by a subletter. (You do have renter\u2019s insurance, right?<\/a>) Your policy also needs to have ample liability coverage in case your subletter is injured in the apartment. If your subletter will be in the apartment for more than a few months it\u2019s not a bad idea for him or her to get renter\u2019s insurance as well.<\/span><\/p>\n

(5) \u00a0<\/span>Do your diligence<\/strong>. You need to be comfortable with allowing this person to live in your space (and using your things, if you\u2019re subletting the apartment with your property in it). You should ask for references and some indication that the subletter can pay the rent, whether in the form of bank statements, credit reports or otherwise. If a prospective subletter won\u2019t give you information you reasonably ask for that\u2019s a red flag.<\/span><\/p>\n

(6) \u00a0<\/span>Get it in writing<\/strong>. You need a direct agreement with the subletter that he or she will pay you rent in return for living in your space. You\u2019re also still a tenant yourself \u2013 you\u2019re still responsible for performing under your own lease with the landlord, and if the subletter does something that would violate the terms of your lease you\u2019ll be responsible.<\/span><\/p>\n

There are several<\/a> websites<\/a> where you can get a simple<\/a> form<\/a> of sublease<\/a>. Get one and use it. And make sure that the form you use explicitly requires the subletter not to breach any of the terms of your lease.\u00a0<\/span><\/p>\n

If you plan to get a security deposit<\/em>: there may be legal rules regarding how you hold those funds, what you can do with them and what interest you have to pay on them, if any. At minimum, keep the security deposit in a separate account and keep good accounting records for that account. If at the end of the term of the sublease you need to use part of the security deposit to repair damage or clean the apartment, keep good records of those transactions as well.<\/span><\/p>\n

Disclaimer: this post is not intended to be and does not constitute legal advice and you should not use it for that purpose.<\/i><\/p>\n

_____________________________________________________________________<\/p>\n

Speaking of security deposits, here are some tips to help you avoid losing yours<\/a>.<\/span><\/p>\n

And since you’re becoming a landlord, learn a little more about negotiating your rent in Manhattan<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019ve ever had to sublet your apartment you know how difficult it can be. Just finding people you\u2019d be willing to sublet to can be hard.\u00a0The landlord may not want to allow it; she negotiated with you and may not want to deal with someone new. If you live in a condo or co-op […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[431],"tags":[],"class_list":{"0":"post-1698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-home-living"},"yoast_head":"\nSix Tips for Subletting Your Apartment - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/six-tips-for-subletting-your-apartment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Six Tips for Subletting Your Apartment\" \/>\n<meta property=\"og:description\" content=\"If you\u2019ve ever had to sublet your apartment you know how difficult it can be. 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