What You Need to Know About Subleasing

Did you finally sublet your apartment, or just get settle into a new place? For many, finding a subletter can be a stressful experience, as can finding the right place. This is particularly applicable to college students, who rotate in and out of Boston based on semesters and work locations. What should you know now that you didn’t know then? What should you keep in mind if you plan to sublet for the summer?

If you are subletting your place:

  • Make sure you understand your landlord’s position and procedure on subleasing
  • You are acting as a landlord when you take on a subletter, so choose a responsible replacement and enforce rent deadlines.
  • You are still responsible to your landlord, and act as a third party between your landlord and your sublet: understand your liabilities.

If you are looking for a place to sublet:

  • Take time to research areas and visit buildings
  • Prepare a list of questions and look carefully when viewing apartments
  • Understand what is covered with rent, or if you are responsible for other costs.

Regardless your preference, a sublease is essentially a contract that should be in writing between the subletter and sublet. In any instance, do not wait until the last minute to sublet, and READ YOUR LEASE!

Here’s a sample sublease for you to look at.

________________________________________
Sublease
Sublease agreement entered into between _____________(Tenant), _____________(Subtenant), and _______________(Landlord, if required by lease).

Sublease Period: Subtenant agrees to sublease from Tenant, properly known as _____________ from _____________ until ______________.

Terms of sublease: The Subtenant agrees to comply with all terms and conditions of the lease entered into by the Tenant, including the prompt payment of all rents. The lease terms are incorporated into this agreement by reference. The Subtenant agrees to pay the Landlord the monthly rent stated in that lease, and all other rental charges hereinafter due, and otherwise assume all of Tenant’s obligations during the Sublease period and to indemnify Tenant from any liability arising from a Subtenant’s breach.

Security Deposit: The Subtenant agrees to pay to Tenant the sum of $________ as a security deposit, to be promptly returned upon the termination of this sublease and compliance of all conditions of this sublease.

Inventory: Attached to this agreement is an inventory of items or fixtures on the above described property at ______________________. The Subtenant agrees to replace or reimburse the Tenant for any of these items that are missing or damaged.

Landlord’s Consent: Landlord consents to this sublease and agrees to promptly notify the Tenant if the Subtenant is in breach of this agreement. Nothing herein shall constitute a release of Tenant who shall remain bound under this lease. Nothing herein shall constitute a consent to any further Sublease or Assignment of Lease.

Date:
_____________________________
Subtenant

_____________________________
Tenant

_____________________________
Landlord (if required)

Source: http://www.renthelper.net/needknow.html

Friday, February 19th, 2010 Apartment Rentals, Boston, Boston Apartments, Boston Apartments for Rent, Boston Rental Property, Renter's Guide, Student Housing

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