Subletting is one of those things that many of us have to do once in a while. You may need to do it because you have to leave town for work, or maybe you just want to make your rent cheaper by getting someone into a spare room.
If you decide to sublet your apartment, make sure you require a security deposit. The amount of a security deposit generally equals about a month or two of rent, depending on the situation.
The usual reason for demanding this deposit is that it provides a degree of security and will pay for damages incurred to the apartment. It is of particular importance if you are not going to be residing in the place during the period of the sublease.
The security deposit is an upfront payment that is paid before the subtenant moves in. After you return and the subtenant moves out, you have thirty days to look over your apartment and if everything is in order and nothing damaged or missing, you usually refund the security deposit.
Each building has its own rules about subletting. The rules for security deposits also vary. The variations vary for each state.
Depending on what is valid for your state, it is critical that you get your landlord’s permission no matter if it is need in your lease. Generally, the tenant will provide the landlord with the name and occupation of the subtenant, the purpose of the sublease, and all the conditions of the sublease, as well as a contact address for the lease holder.
Aside from the sublease contract, there are also other things that the tenant must prepare before the subletter moves in. These include the written consent of the co-tenant and guarantor of the lease if applicable.
Before the subtenant moves in, make sure you take pictures of the place. This step is necessary because some of your belongings may be in the apartment and furnished. It is also proof to any damage the subtenant may make in your absence so you can prove the damage didn’t exist prior to the move.
The writer has been publishing commentary about subletting for the past five years. Moreover, this author loves providing knowledge with respect to NYC neighborhood topics, like Battery Park apartments along with Gramercy apartments.
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